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.
Tuesday, February 10, 2009
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.
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.
Wednesday, February 4, 2009
Feb 4th Trades
Made 12 trades and gained .94 cents per share after deducting the .12 cents per share of commissions.
+12 cents on RMBS
+.57 cents on SKF
-.02 cents on RMBS
-.96 cents on SKF
* Wow, this was an absolute picture of "Inaction" and/or "Fear" dictating a trade decision! I thought the bottom was in and bought long. Inaction caused me to hold during continued drop. It kept dropping and I finally sold out of fear. That sell price was the very bottom price of the day ($139.63). Holding would have yielded a nice gain a little later; a great start on a terrific run... the biggest problem was that I didn't sell to cut my loss and wait for that bottom to develop.
+.44 cents on SKF
*caught some of the run up a few minutes after getting punished for -.96 cents
+.09 cents on SRS
-.02 cents on DDM
-.62 cents on SKF
+.16 cents on SKF * this was a click and reverse off the prior -.62 cent loss. something I want to practice more if I miss a direction change. I could have used it earlier on the -.96 cent loss in SKF.
+.41 cents on SKF
-.07 cents on SKF
+ .96 cents on SKF * this gain was taken between 13:49 and 13:59. I thought this was a good place to stop and had other duties away from the computer.
-.12 cents for commissions.
Once I figure out how to take screen shots and post them to the blog, I will show the Trade Records directly from my IB account which include action, quantity, underlying, price, time, commission, and realized P & L; if I can do so without revealing personal data about my account.
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7 for 12, 58% winners. +.94 cents gain
+12 cents on RMBS
+.57 cents on SKF
-.02 cents on RMBS
-.96 cents on SKF
* Wow, this was an absolute picture of "Inaction" and/or "Fear" dictating a trade decision! I thought the bottom was in and bought long. Inaction caused me to hold during continued drop. It kept dropping and I finally sold out of fear. That sell price was the very bottom price of the day ($139.63). Holding would have yielded a nice gain a little later; a great start on a terrific run... the biggest problem was that I didn't sell to cut my loss and wait for that bottom to develop.
+.44 cents on SKF
*caught some of the run up a few minutes after getting punished for -.96 cents
+.09 cents on SRS
-.02 cents on DDM
-.62 cents on SKF
+.16 cents on SKF * this was a click and reverse off the prior -.62 cent loss. something I want to practice more if I miss a direction change. I could have used it earlier on the -.96 cent loss in SKF.
+.41 cents on SKF
-.07 cents on SKF
+ .96 cents on SKF * this gain was taken between 13:49 and 13:59. I thought this was a good place to stop and had other duties away from the computer.
-.12 cents for commissions.
Once I figure out how to take screen shots and post them to the blog, I will show the Trade Records directly from my IB account which include action, quantity, underlying, price, time, commission, and realized P & L; if I can do so without revealing personal data about my account.
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7 for 12, 58% winners. +.94 cents gain
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