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

Tuesday, June 16, 2009


I paper-traded most of the day but managed a quick real-money trade at EOD. I thought STEC might break down EOD given the big run up so I took a short at 3:38 pm but got caught in a choppy area so I just got out at the first sign of a positive number. Walked away with a big haul... $5.00 ! Paper-trading fared better with a gain of $932.50 from a position in each of the three following stocks: HES early because of the moves in oil, STEC, a big mover on the IB "Top % Gainers" list, and X just because I like to torture myself playing for reversals in strongly trending stocks. A bit of white knuckling on X but it worked out ok in the end.
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4 for 4 winners, a 100% success rate. Gains of $937.50 in 6 hours of paper trading($932.50) and real trading($5.00).

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