Actually, glad to see your name here Nodoji. TO ALL NEW TRADERS: If you want great insight into what goes through a "semi-new" trader's head who has seemed to grasp exactly what it takes emotionally to make it in trading, then stop by Nodoji's journal. She tells you the mistakes that she made, BUT, more importantly, that she realizes them and vows not to do them again i.e. over trading a basing market,watching to many things at one time, over thinking entries on trades...etc. It's all these little steps that make you better and better. Watching NOD"s thread is a great way to help battle your own "trading demons", watching someone else(who is profitable mind you), continue to grow as a trader. An excellent read IMO.
Geez, excuse my math, but if you bot 500 shares at 73.38 and sold them at 74.38, why is your profit so little. Your commish cannot be over $100
nah..I set the trade up first for 500 & typed it in here, then decided to give it .10 extra wiggle room on the stop so had to bump down to 400 shares..hence the 1.00 target, and $386 gain.
02/10/09: 2 trades today: Total P/L + 160.38 Will look for some follow thru wed. to the selling, or possibly just a "resting day" for the market tomorrow and continued selling thurs. It will take ALOT of conviction on the charts for me to go long the next few days.
Geez, thanks a lot for the kind words. I was scared to death after reading this because compliments have been known to reduce my profitability. But Boosh and I had a brief nasty exchange, setting things right again
Great post geez. Alot of helpful advice. I just subscribed to this and Nodoji's threads so hopefully i can get a better idea about how to trade these markets. One more thing. What kind of order will let you set a stop and target price. For example sell XYZ if it hits your stop but also sell if it hits your target or does this have to be done mentally.