Hump Day 3/31/2010

A couple of meaningless trades today. I had a bad stomach ache and just could not look at the market.
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Life is really weird at times. I can't seem to trade myself out of a paper bag right now but unexpected $$ keeps falling out of the sky - I win an award at work, I will make between $700 and $750 in the NCAA pools - I just got a check from google for $102 - I have won between $20 and $100 the last five times I have gone to a casino. Weird - a course I would prefer making money in the markets.
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The numbers:
Stocks: gross +11 net +6 shares 1000
Stock Futures: gross -10 net -15 contracts 4
Forex: none

Starting year 3 03/30/2010

I can not believe I have been posting to this Blog for 3 years. I do believe this is one of the few blogs that has posted the results of every trading day for 3 years while not trying to sell something.
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My results have been far from what I wanted but I have learned a lot about the markets and made many good friends. Thanks to all that have read me.
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This is my first post.

Monday Monday 3/29/2010

This is a prime example of why I suck as a YM trader. Instead of selling the market when I got my signal, I waited until the market hit a new low of the day where I picked the low of the day to go short. Then I allowed my stopped to be hit instead of stopping and reversing on the next signal. If I followed the plan, the trade would have been successful but I didn't and I took a loss.

Above is not a Big Mouth Trade. I do make them. I bought HTHT on the idea it would break out of its one day IPO trade. I bought my first lot after it broke out of its first 15 minute range then again after it went above 14.50 - Fridays high. I let it ride for a good long time but knew I could not watch the market in the afternoon and I sold.

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The Numbers:

Stocks: gros +5 net 0 shares 1000

Stock Futures: gross -200 net -205 contracts 4

Forex: none

Busy Week 3/28/2010

Friday Big Mouth Stock

Wednesday Big Mouth Stock

It has been a crazy week for me. My other half got home from visiting her mother Monday Night. I had lots of things to catch up with her about. Had a company function Thursday night and the NCAA basketball stuff.

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Above are the Big Mouth Stocks. There was none on Thursday and there are none for Monday. I continue to trade like a wimp - something that has plague me all year long. There is something wrong with my brain and I can't seem to fix it. I went over about 200 Big Mouth Stock charts and re looked at my stats again and I should be making money if I traded them all. The sad thing is I don't. A week ago I got really aggressive with CTEL and had my head handed to me. There has only been really 4 (out of 68) of those BAD Big Mouth Stocks since the first of the year and I pick one of them to get crazy on. Great timing.

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The Friday numbers:

Stocks: gross +12 net +9 shares 600

Stock Futures: none

Forex: none

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No trades on Thursday.

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The Wednesday numbers:

Stocks: gross -17 net -23 shares 1200

Stock Futures: gross -100 net -105 contracts 4

Forex: none

Big Mouth Monday/Tuesday 3/24/2010

No big deal - you could have made a few dollars in each. NKE was from Tuesday and SD was from Monday. I did not trade either day.

I got smoked 3/19/2010

It is interesting how life works at times and painfully. I really was pissed at my self where I did not take advantage of the Big Mouth Stocks while day after day they were great plays. On Friday, I had a chance to look at the market because of a freak schedule change. If the Big Mouth Stock showed any action, I was going not to be afraid. I was going to hit it and hit it hard. I did not know if was going to hit back.
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I started my short soon after the market opened with a 1/3 size lot. Start feeling lots of pain. First peak was made, now thinking the turn was at hand, I added a second 1/3. I had a sell stop for a third 1/3 if the stock broke. I also decided I could not continue to hit it as it went higher so I placed a stop above the 5 minute high. Seconds later I was taken with a big loss. I played the stock like I should have been playing all these Big Mouth Stocks. If I was as aggressive with them as I was with this one, I would be a very happy man but still had taken a big loss on Friday.
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I then added to this mess by allowing it to control the rest of my trades. If I was as agressive with them the rest of the morning, I would have been in the black. Damn this game is one big PITA.
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The numbers:
Stocks: gross -811 net -829 shares 3600
Stock Futures: none
Forex: none
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Trading the big mouth stocks I see them playing out this way. For every 20 big mouth stocks traded, I would expect 12 to be gains of around $500, 5 would be break even and 3 would produce loses of $1000 like the one today. So your win rate would be 4 times your loss rate but your average gain would be half of your average loss. In a given month, about 30 Big Mouth Stocks meet my trade plans. This should produce about a gain of $4500 a month. Sounds so simple.
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I was on plan years ago but I never really got back to it totally. I have made a plan - I need to follow it- damn it.

I want to cry 3/18/2010

Another great Big Mouth Stock and again I could not be a part of it. The last 9 - read it 9 Big Mouth Stocks, you could have sold on the open tick and feel very little pain. This has been during a time that I have been so busy in my life, I feel like I have barely watched the market. I want to cry - no I want to scream.
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Again I only made one trade and it really pissed me off. I was short X at 60.29 around 1:50 EST. I sat on my hands for a long time on this one thinking I had a good winner but at 2:30 EST it rallied 35 cents in 5 minutes and stopped me out just to collapse again.
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The numbers:
Stocks: gross -55 net -60 shares 1000
Stock Futures: none
Forex: none

Bonus Post 3/18/2010

The Big Mouth Stock this m orning is JCG.

Wednesday - Boring 3/17/2010

No big mouth stocks today. Watched market in the morning - the market was boring and I could not be in the right place at the right time on the few things that move. When we had a break in the afternoon, I did not have time to watch.
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The numbers:
Stocks: gross +6 net 0 shares 1200
Stock Futures: none
Forex:none

Damn - Great Big Mouth Stocks today 3/16/2010

The Big Mouth Stocks can't get any better than this. Too bad for me, I really could not watch the market until after the Fed. I had one garbage trade.

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The numbers:

Stocks: gross +30 net +25 shares 1000

Stock Futures: none

Forex: none

Mondays stuff 3/15/2010

I briefly tried shorting the above Big Mouth Stock and failed to get fill. The bid ask collapsed minutes before the open and did not pop. I am really tired. Maybe because of Daylight savings or the rain/flooding here or just that I got home late on Saturday from having a nice dinner with my daughter. I barely traded today.
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The numbers:
Stocks: gross +7 net -1 shares 1400
Stock Futures: gross +40 net +35 contracts 4
Forex: none

Friday stuff 3/12/2010

Busy Friday for me. Tried RFMD in the premarket but had no time to watch. Made a big $10.

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The Big Mouth Stocks have been doing well recently.

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The numbers:

Stocks: gross +20 net +10 shares 2000

Stock Futures: none

Forex: none

Thursday Big Mouth Stocks 3/11/2010

The big mouth stocks for today - no trades for me.

Wednesday 3/10/2010

Todays big mouth stock. I did very little trading.
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The numbers:
Stocks: gross +12 net +6 shares 1200
Stock Futures: gross+40 net +30 contracts 4
Forex: none

Tuesday Big Mouth Miss 4/9/2010

All is said on the chart - missedi t. No trades for me today - too busy.

Do you make noise if you scream and no one can hears you 3/8/2010

I hate this when it happens. I really hate this when it happens. I was debating with myself if I should use a $200 stop or a $300 stop or add to the position and use a $500 stop. The stock DWA did not have the volume I was expecting and last night was Oscar night so being short a movie stock was very stupid - right? I bailed just cents below the high only to watch stop and fall. I shorted again on a break of 42.70 and got slipped 5 cents. I bailed on the next bounce too for a small profit only to watch it melt for most of the rest of the day.

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Both charts were big mouth stocks.

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The numbers:

Stocks: gross -171 net -200 shares 5800

Stock Futures: none

Forex: none

I wish trades were always this easy 3/5/2010

On Friday I got to watch the market a little and by a little I mean a couple of stocks every 15 minutes or so. I saw that US Steel was about to break out of a small range and challenge the HOD. I put an order in for 500 shares and went to the men's room. I took one more peak and saw I was not filled yet so I did some other things.
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I peaked again - got filled. Put a 25 cent stop in and go do something else. Seconds later peak again - up 20 cents move stop to lock in 5 cents gain. I start watching it more closely and address an email. Amazing it just keeps ticking up - a little pause at 58.65 - move stop a little higher.
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It peaks at 58.84. Screws around for a few more minutes and starts to drop. I get out and on to other things making a note to buy again if it holds 58.50. It does but I got busy enough so the next time I look at it - X is at 58.70 and I missed the trade.
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I wish every trade was this simply, easy and peaceful.
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The numbers:
Stocks: +164 net +154 shares 2000
Stock Futures: none
Forex: none
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Mondays Big Mouth stocks are GNTX and DWA. I am already short DWA.

Friday Big Mouth Stocks 3/5/2010

Not much here.

Thursday Big Mouth Stocks 3/4/2010

If you had wide sells on DECK it could have been a good money maker. Something like shorting a 100 or 200 shares every point higher like 126, 127, 128 and 129 (not filled). So a cost of 127 on 300 shares and cover at 125. WES sucked.

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I did not trade today like most of my Thursdays I am too busy.

1-800-got-balls? 3/3/2010

This trade kills me especially when I bail justas it was going to work. My plan here is simple. If you get negative (positive) numbers on something and that item goes down(up) quickly then reverses, you buy (sell) when it over takes the point the news came out. This is great for commodities and currencies. I got just a little a head of myself here when I entered on the HOD of gasoline. I had a quick loss then it came back to even. Started going down again and I got out. Seconds later, it made its move and I was on the side lines.
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I use to ride through these types of trades. For some reason now, I can't seem to do it.
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Somebody help me find my balls. I know I left them somewhere. I just can't find them.

Wednesday Trade review - 3/3/2010

The numbers:
Stocks: gross +43 net +19 shares 4800
Stock Futures: none
Forex: none
Crude Futures: gross -100 net -105 contracts 2

Wednesday Big Mouth Stocks 3/3/2010

You could have made some money here but it would not have been easy. I tried shorting JDSU and chicken out.

Tuesday Big Mouth Stocks 3/2/2010

The first big mouth stocks of March when no where. I lost a little on one.

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The Numbers:

Stocks: gross -147 net -152 shares 1000

Stock Futures: none

Forex: none

Monday 3/1/2010

I have no time to post what I wanted to. Maybe later in the week. I spent too much time looking at stocks when my thoughts on the EURO had that trade nailed and my trading system in the YM futures would have produced easy gains.
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The numbers:
Stocks: gross +6.01 Net +0.01 shares 1200
Stock Futures: none
Forex:none
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The big mouth stocks for tomorrow are CRZO and HOT.