A 70k bet that I can't make a 50% gain in 2009

5/18/09:

11:20 1000 SPY SHORT 90.05
STOP 90.25
TGT 90.65

 

11:31 1000 SPY EXIT 90.25
P/L -210.08

 

5/18/09:


1:26 1000 QID BUY 37.71
STOP 37.51
TGT 38.11

 

5/18/09"


2:26 700 SKF BUY 43.68
STOP 43.38
TGT 44.28

 

This was a short-sell. That's what he lost money on it going up.

 

Yes, but what Mike is saying is that he should have lost:

($30.14 - $30.55) X 800 shares = -328 - $commissh

Not, $-232.20

Jason

 

probably rounded the number of shares
notice how they are always even

 

oh yeah...my bad. Probably a math error on his part. Although could just be the wrong number of shares. He doesn't usually have a $300 risk level.

 

Correct.

Probably a typo. Either share count or loss is wrong. No biggie just confused me at first.

 

I think a journal can be a great source of discipline for the journalist.It gives him(her) hundreds of watchfull eyes to see if he is adhering to previous stated setups and trade patterns . and also an insight into their execution.
Both parties benefit kinda like a symbiotic (i always to use that word )relationship

we give the atta boys and G modestly accepts them and continues his journey to his 50%goal.

CHEERS
john