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

Thursday, February 12, 2009

Feb 12 - No Trades

I never even signed in to wtch the market, let alone attempt a trade. I did, however, get caught up on my admin work for the "day-job." So, visiting family tomorrow then the market is closed on Monday. I could use the break to just study the market and catch up on some technical analysis books and blogs. Hope all had a good day... looks like it was on e heck of an end of day rally! Enjoy the break.

Wednesday, February 11, 2009

Feb 11 trades

I found a few minutes this afternoon away from the day-job to actually paper-trade; from 2:30 to 2:53 pm. I had 6 winners out of 7 trades; a gain of $1.24 per share total on an 86% success rate. The first trade of the day was a nasty loss but I came back with 6 straight winners before going back to the admin work which actually helps pay the bills.

All trades on SKF

Long for a 1.38 loss
Short for a gain of .28 cents
Long for a gain of .10 cents
Long for a gain of .55 cents
Short for a gain of .79 cents
Long for a gain of .23 cents
Long for a gain of .67 cents at 14:53
Watching the markets but not placing trades as yet. Mostly doing day-job admin work and taking customer calls. I have a day-job appointment later today.
I rediscovered this on my favorites list and thought I'd post it for those who haven't seen it. Simple and to the point for beginners searching for a trading style or a favorite set-up to master:

www.trading-naked.com/Setups.htm