Documenting the Journey From Bluecollar Guy Doing a Bluecollar Job to Trading the Markets for a Living
"A man is not finished when he is defeated. He is finished when he quits."
Monday, February 23, 2009
Feb 19th
No trades on Thursday, Feb 19th. After being "under the weather," a lot of work had piled up and had to be done.
Wednesday, February 18, 2009
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
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
Labels:
day trading,
scalping,
SKF,
TZA
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