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

Showing posts with label DDM. Show all posts
Showing posts with label DDM. Show all posts

Tuesday, February 3, 2009

Feb 3rd Trades:

Paper trading-

Short DDM 25.99 at 9:41 am; Covered 25.89 at 9:46 am. Gain 10 cents per share.
Long SRS 59.90 at 13:00 pm; Sold 59.73 at 13:02 pm. Loss 17 cents.
Short SRS 60.00 at 14:06 pm; Covered 59.75 at 14:07 pm. Gain 25 cents.
Long SRS 58.22 at 15:11 pm; Covered 58.33 at 15:14 pm. Gain 12 cents.
Long SRS 57.72 at 15:26 pm; Sold half 58.01 at 15:27 pm. Gain 29 cents. Sold remainder 57.88 at 15:29 pm. Gain 16 cents.
Short SRS 58.32 at 15:39 pm; Covered 58.60 at 15:40 pm Loss 28 cents
* this was a "rocks in my head" trade. I hit sell instead of buy, realized it 8 seconds later and covered. Good idea, bad execution! Should have been a 28 cent or greater gain.
Short SRS 59.26 at 15:42 pm; Covered 58.97 at 15:43 pm. Gain 29 cents.
Short SRS 58.99 at 15:44 pm; Covered 58.90 at 15:45 pm. Gain 9 cents.


Analysis: Clearly overtrading, nervous when I have a gain. Gotta take a valium at 9:15 am on trading days! Even I could hardly lose with the type of momentum moves on a day like today. Of course, there's no "losing" with paper-trading, which makes it easy. Also why I don't bother to post $ gains and losses. It really doesn't matter. It's PASS/FAIL.
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Addendum as of May 7th 2009
In an effort to quantify my progress from the very beginning, I am posting gain/loss data for Feb as I did later in March and beyond.

8 for 9; 89% winners. Gain of 85 cents per share.