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