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

Feb 6th Trades

Traded 9 winners out of 13 trades for Friday the 6th. All SKF. I really love the action in this ETF and feel it is a great training ground while the financials are so unsettled.

All Trades are the SKF:

Long for .26 cent gain
Short for 1.46 loss *Ouch
Short for 2.92 loss *Ouch
Short for .48 gain
Long for 1.00 gain
Short for .02 gain
Short for .15 gain
Short for .96 loss *Ouch
Short for .03 loss
Short for .35 gain
Long for .04 gain
Long for .26 gain
Long for .28 gain

Net loss of $2.53 per share. Three big losers offset a day where the winning percentage was 69% There's the lesson about cutting losses short!