Big mouth stock above with the details
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I tried trading RIG. I got in when it broke out of its opening range at 47.20. In seconds, I had a 16 cents gain then a 5 cent loss then back to a gain then loss and when I had a gain again - I took it like an idiot. The stock then ran 80 cents where I lost my stomach during those few seconds. I was in the trade a total of 45 seconds. I need to place an order where an emergency stop and walk away.
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The trade off the oil numbers did not trigger after setting up. I swear I will get to and take that trade one day.
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The numbers:
Stocks: gross +56 net +44 shares 2400
Stock Futures: none
Forex: none
Wednesday, June 30, 2010
Tuesday, June 29, 2010
Monday, June 28, 2010
Stupid Monday - important for me to read over and over - 6/28/2010
The chart above has a lot of details. Bottom line is I allowed a fucked up trade Sunday night to effect my plan for Monday morning.
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I had expected a pop of 30-40 cents soon after the open of the Big Mouth Stock OVTI just like its sister stock CRUS. With the market being sick like, I wanted to short the open just in case it started falling right off the bat. I had the plan to continue shorting 20 and 40 cents up then adding on a new low. The market opened - I got filled and OVTI ran up 40 cents and I had no stomach to follow the plan. I then panic and covered then got pissed and sold again and then covered for a very small gain making only my broker happy.
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This kind of trade drives me crazy that my plan nails the stock but I chicken out and screw it up.
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I was very stupid last night. Out of what I guess was boredom - I shorted a new low in the YM futures only to see my stop taken out in an insane 90 second move up.
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I really screwed up the mental game today. Once the trade was done in OVTI - I was useless.
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To add insult to injury - I wanted to go long OVTI if it took its mid-morning peak out at 23.40 and it did running 80 cents. Also to do the same with CRUS at 16.65 and it ran 75 cents.
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Somebody give me a gun to stick into my mouth.
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The numbers:
Stocks: gross +96 net +72 shares 4800
Stock Futures: gross -200 net -210 contracts 2
Forex:none
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I had expected a pop of 30-40 cents soon after the open of the Big Mouth Stock OVTI just like its sister stock CRUS. With the market being sick like, I wanted to short the open just in case it started falling right off the bat. I had the plan to continue shorting 20 and 40 cents up then adding on a new low. The market opened - I got filled and OVTI ran up 40 cents and I had no stomach to follow the plan. I then panic and covered then got pissed and sold again and then covered for a very small gain making only my broker happy.
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This kind of trade drives me crazy that my plan nails the stock but I chicken out and screw it up.
-
I was very stupid last night. Out of what I guess was boredom - I shorted a new low in the YM futures only to see my stop taken out in an insane 90 second move up.
-
I really screwed up the mental game today. Once the trade was done in OVTI - I was useless.
-
To add insult to injury - I wanted to go long OVTI if it took its mid-morning peak out at 23.40 and it did running 80 cents. Also to do the same with CRUS at 16.65 and it ran 75 cents.
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Somebody give me a gun to stick into my mouth.
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The numbers:
Stocks: gross +96 net +72 shares 4800
Stock Futures: gross -200 net -210 contracts 2
Forex:none
Sunday, June 27, 2010
Boring Friday 06/25/2010
No big mouth stocks and only one trade for me.
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The numbers:
Stocks: none
Stock Futures: none
Forex: none
Crude Futures: gross +40 net +35 contracts 2
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The numbers:
Stocks: none
Stock Futures: none
Forex: none
Crude Futures: gross +40 net +35 contracts 2
Thursday, June 24, 2010
Wednesday 6/23/2010
Wednesday, June 23, 2010
Monday, June 21, 2010
Monday 6/21/2010
Saturday, June 19, 2010
Friday, June 18, 2010
Thursday 6/17/2010
Thursday, June 17, 2010
Wednesday Results 6/16/2010
Wednesday, June 16, 2010
Monday, June 14, 2010
Monday - 6/14/2010
Above are the 4 Big Mouth Stocks of the day. One was an easy winner. One was a winner and the other 2 were dead in the water. I tried to short MRVL My orders were at 18.44 and 18.58. I did not get filled. I moved one order to 18.40 quickly but still did not get filled. I could have filled a boatload at 18.35 but chickened out at that point. I did have a little success at other places but both times banked my profits too soon.
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The Numbers:
Stocks: gross +146 net +137 shares 1800
Stock Futures: none
Forex: none
Sunday, June 13, 2010
Result for the Rest of the Week and Stewie 6/11/2010
I decided to join Stewie's clan. Why - my life is busy and I try to trade the same stocks over and over. I have my own system for the Big Mouth Stocks but they suck right now and the Big Mouth is talking more in lists than anything. So I hope Stewie and his chat gang will give me more ideas to look at on the go and in a manner I can trade off of with my schedule. Friday it worked that way for two trades - PXD and XEC. Seldom I would never look at them and both trades worked. You can check him out here. He is one of the good guys - a good trader, a hot wife and a new cute baby girl.
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The Numbers:
Thursday:
Stocks: gross +30 net +25 shares 1000
Stock Futures: none
Forex: none
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Friday:
Stocks: gross +177 net +166 shares 2200
Stock Futures: none
Forex: none
Wednesday, June 9, 2010
Wednesday Results 6/9/2010
Tuesday 6/8/2010
Monday, June 7, 2010
Stupid trades? 6/7/2010
Saturday, June 5, 2010
Rest of the Week trading results - A "I sucked" week
The numbers:
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Wednesday:
Stocks: gross - 115 net -120 shares 1000
Stock Futures: none
Forex: none
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I missed some good opening trades and above was one of my garbage trades. Picked the bottom in the steels to short one.
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Thursday:
Stocks: gross - 827 net -852 shares 4800
Stock Futures: none
Forex: none
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Got killed on the Big Mouth Stocks. Look at the charts on that day.
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Friday:
Stocks: gross +221 net +205 shares 3200
Stock Futures: none
Forex: none
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I got the Big Mouth Stock right this day but nothing else. Hopefully I started my climb out of the hole.
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Wednesday:
Stocks: gross - 115 net -120 shares 1000
Stock Futures: none
Forex: none
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I missed some good opening trades and above was one of my garbage trades. Picked the bottom in the steels to short one.
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Thursday:
Stocks: gross - 827 net -852 shares 4800
Stock Futures: none
Forex: none
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Got killed on the Big Mouth Stocks. Look at the charts on that day.
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Friday:
Stocks: gross +221 net +205 shares 3200
Stock Futures: none
Forex: none
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I got the Big Mouth Stock right this day but nothing else. Hopefully I started my climb out of the hole.
Friday, June 4, 2010
Thursday Big Mouth Stocks 6/3/2010
I picked this day to be very aggressive with them and got my head handed to me. i made matters a lot worse when I blew two places where my stops should have been placed. The last 3 months there has been 4 days were you really should not have shorted the Big Mouth stocks and I have been aggressive on 3 out of those 4 days - ouch.
Thursday, June 3, 2010
Wednesday, June 2, 2010
Big Mouth Stocks for May 6/1/2010
The stats for Big Mouth stocks:
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1 - big winner
5 - nice winners
10 - winners
9 - break evens
6 - losers
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The net should be about $4500 if all trades are taken with about $50,000 per trade.
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A big winner is plus $1000 - nice winners around $500 - winners around $250 - break evens are plus $250 to minus $250 and losers are $250 to $500
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I only traded 13 of them but made money - +137
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Not a bad month for the Big Mouth Stocks.
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1 - big winner
5 - nice winners
10 - winners
9 - break evens
6 - losers
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The net should be about $4500 if all trades are taken with about $50,000 per trade.
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A big winner is plus $1000 - nice winners around $500 - winners around $250 - break evens are plus $250 to minus $250 and losers are $250 to $500
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I only traded 13 of them but made money - +137
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Not a bad month for the Big Mouth Stocks.
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