Got in late after the day job, a trip to Wal-Mart, and the application of grub control on my lawn. I'd rather have been in the market but with rain coming in while I was coming home, i had to apply it right away. Filthy grubs have destoyed large parts of my lawn! I hate putting chemicals into the turf but these bugs are horrendous and I wasn't willing to spend the time and money to experiment with Beneficial Nematodes to combat them.
Anyway, back to the markets. I logged in at 3:30 pm and saw a paper-trade that looked interesting on SKF. I shorted into the large price spike that had begun at 3:30 and I added to the position; cashed it out with a small gain of 8 cents. I had one more trade long about 12 minutes later and took 11 cents from that, although I sold much too soon, missing the additional rise of over 40 cents per share. I was in early on that particular move but ended up getting only 21% of the rest of the move by selling quickly. I really have to work on my exit signal identification.
Four trades into two positions, both for winners.
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3 for 4 winning trades; 75% success rate. Gain of 19 cents per share in 30 minutes of trading.
