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

Wednesday, July 15, 2009

July 15th


Once again, day-job kept me away from the computer for most of the morning. A couple of good trades today and some where I exited too soon; an example is the POT trade listed on the chart. I shorted it only 14 cents off the HOD but covered when it appeared to have stalled, leaving another 50 cents on the table.
Gains are smaller today as I have reduced my position size to 200 shares rather than the 300 I have been trading recently. Other than the first trade today, all are 200 shares. Ultimately, my goal is to trade 1000 shares at a time, so I consider the current 200-300 shares a warm-up for later.
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7 for 7, a 100% success rate. Gain of $140 in 4.5 hours of live trading.