Broke even. I had about 4 winners and one loser that wiped them all out. None of it was all that interesting to post about so I skipped it
agreed, its not as flashy as the movies or pundits portray the job to be... and yes, what it takes to be an independent trader versus a paid trader for a house are a completely different pair they aren't the same....
hey stltrader, nice thread and congrats on your trading success. since you're doing confessions, i'll add one of my own - its been a while since i made or lost the $40k in a day that seems your daily swing, but not as long as 99% of the other posters here. im happier with less swing and more consistency right now, but maybe one day i'll regain my comfort level. if i don't that's ok too.
Thx prof Charles: I'm really not very happy w/the 40k swings in the context of how much I'm making. I think I should either be making the same amt w/20k swings or be making 2x as much w/my current 40k swings, so that gives me a goal to works towards. No doubt I need to increase my consistency and lower my losses.
Good morning: Around the open, I'm looking to: stx long around 16, long a lot below 16 xlnx short around 25 altr long below 20.80 azo long around/below 148 jnpr long around 27
Fills: 72k stx long at 16.04 7k xlnx short at 24.50 3k azo long at 148.52 Targets stx 16.50 xlnx 24 azo 152
smoked out of azo for a 6k loss, covered xlnx for a 3k profit, getting throttled on stx, hanging in there and adding so far have 110k shrs