Monday the 16th and Tuesday the 17th

No trades these two days. Monday was a "day job" day and Tuesday (today) was a good day for a neophyte like me to sit and watch. The SKF was just wierd to me compared to prior days. The volume was different in relation to the moves. That's to be expected, I guess. Curious about tomorrow in this one... I should be available to trade it for a while. Or, I might just watch again.

Feb 6th Trades

Traded 9 winners out of 13 trades for Friday the 6th. All SKF. I really love the action in this ETF and feel it is a great training ground while the financials are so unsettled.

All Trades are the SKF:

Long for .26 cent gain
Short for 1.46 loss *Ouch
Short for 2.92 loss *Ouch
Short for .48 gain
Long for 1.00 gain
Short for .02 gain
Short for .15 gain
Short for .96 loss *Ouch
Short for .03 loss
Short for .35 gain
Long for .04 gain
Long for .26 gain
Long for .28 gain

Net loss of $2.53 per share. Three big losers offset a day where the winning percentage was 69% There's the lesson about cutting losses short!

Feb 5th trades

Made 9 winners out of 11 trades last Thursday the 5th. Mostly scalping SKF.

Short SKF for .24 cent gain
Short QID for .01 cent loss
Long UYG for .04 cnet gain
Short SKF for .42 cent gain
Long SKF for .17 cent gain
Short SKF for 1.18 gain
Long SKF for .24 cent gain
Long SKF for 1.68 loss
* I always seem to have a stinger each trading day... one that gets away from me. In this case, I had a profit and let it run, right into a loss. But, I was trying to predict a trend and get a longer move instead of scalping. Hmmm, not quite ready for prime time, it seems!

Long SKF for .34 cent gain
Long SKF for .66 cent gain
Long SKF for .59 cent gain ... my final trade at 13:15pm Then, off to the day job.

Gain of $2.20 per share before commissions and am satisfied with this day.

I had no idea that this little bit of a blog would be so hard to keep up with! A segment of my "day job" involves emergency service and it has been quite busy of late...this is primarily the reason for the lax posting. I have a new found respect for prolific posters. Kudos to you folks!
For those who haven't seen part two of Michael Goode's new series entitled, " So you want to be a stock trader?", check it out at http://www.goodevalue.com/ . Check out Part One first, of course, if you haven't yet.