"A man is not finished when he is defeated. He is finished when he quits."

Wednesday, February 18, 2009

Feb 18th

Around 2:30, I started to feel like moving around so I did a few things for the day-job and then logged into IB around 3:00pm.

I ended up making 7 trades between 3;11 pm and 3:45pm. I could tell I was rusty because I would see some momentum and I would move like a sloth to make the trade. I didn't have that crisp edge one needs. I wound up at 3 for 7, a success rate of only 43%. On the postive side, I actually was up by 54 cents per share. Three of my four losers were 11 cents or less. But, some of those would have been winners if I had been a bit sharper. Mostly my entries were slow but I was exiting in a timely way(one exit too quickly...I got out just before it moved in my favor). I made two trades in the TZA and took a gain of 4 cents out of it. All others were trades on the SKF.

Long SKF for a .01 cent loss
Long SKF for a .63 cent gain
Long SKF for a .08 cent loss
Long SKF for a .11 cent loss
Short SKF for a .07 cent gain
Short TZA for a .21 cent gain
Short TZA for a .17 cent loss
I had high hopes for today but I am struggling just to keep my head up. This virus is just dragging me through the mud so no trading for the morning session and likely none for the day. I'm going to bed. Best of luck to all, hope you knock 'em dead.