First time Ive read your journal. Really enjoy it and hope you keep it up. In case you dont know it you are doing a fantastic job for the short time youve been at it. Hang in there.
Thanks easyrider!!! I feel a little tired this morning. I've been working out lately so I'm sore all over. Regardless, I feel motivated and concentrated. Good trading!
hey guys Well, not a bad day. I made $230 and spent about $121 making it. I had 22 buy executions, 22 sell executions, and 131,600 shares traded. I don't have a lot of time to chat, so take care guys! Have a good weekend!!
Alright guys, Today was a little crazy. NT seemed to be printing well all day long. Volume wasn't high but it felt smoother. I think its because I no longer use BSE. If you don't know, Boston is not a good place to send large orders to (you get partial fills every time). It seems that I rarely get a partial fill on arca, brut, or inet. Today our new commission structure began and I must say that I love it. Today I saved $33 in fees by using ECNs. It's a pretty sweet deal I guess. Have a good weekend guys!
hey everybody! I had a great weekend! It was tons of fun and full of rest. I hope everybody had a good weekend too. I need to pick my trades more carefully. The emphasis this month is to cut down on flats. Good trading!!!
Hey guys!!! Well today wasn't too bad. I made $224 and spent $96 making it. Although today wasn't all that profitable, and I've made more, the percentage of my trading costs is actually less than 50% of my P&L. I could have made more today but around 1pm I went and had a long lunch with an old friend of mine. I had 20 buy executions, 18 sell executions, and I traded 103,800 shares. Not a bad day.
Hey guys! Wow. I must say that this morning has really amped me up. The weather is really gloomy, my train ride sucked, and there was no milk at home. Regardless, I'm motivated and determined to make progress today. As of yesterday, my account is net positive. Since I began trading in October, my account went into the red by a little more than a grand. Today, it is positive and I'm looking forward to making the numbers grow! Good trading!!!
Hey! Wow. Today was SSSSSSSSSSSOOOOOOOOO slow!!! I was so bored today. NT was stuck in a 1 cent range all day. LU was a little better, but still very boring. I'm a little upset about something. I've noticed that I'm making the same amount of money every day. Am I stuck in some type of plateu?? I can't seem to make more than $180-$260. I wonder if it is mental. Or perhaps I just suck..... On a positive note, my trading costs are less than 50% of my P&L. I made $192.40 and spent about $80 making it. I have 16 buy executions, 13 sell executions, and 67,860 shares traded.
Good morning everyone! I'm well rested, motivated, and ready to make some MULA!! NT announced that they will be releasing their Q1 and Q2 results of 2004 on January 10 of 2005. That happens to be my 24th birthday!! I was thinking about yesterday. I really seem to be stuck in the middle of a plateu. I guess I should be happy that I'm making money, but I wouldn't consider myself profitable by any means. Everyday I seem to walking away with the same amount of money. Perhaps I'm not taking on enough risk. I've been trading passively (meaning I only bid or offer the stock) and have never paid the spread. I miss out on some big moves sometimes because I can't get long or short. I guess its that type of situation where I should pay the spread. If I were to pay the spread, how do I know I could get out without a loss? I've been asking around and a friend of mine said that I should watch the open book. He said that I should wait until I see a good amount of shares at a higher bid (the price that will paid) in the book before buying at a higher price. Then, I could use those shares at that bid for a flat if the situation requires me to. Good Trading!
Making money is a good thing and thus far you are actually doing quite well. Looking back one can always say I should have... But in these times can you look forward and say I should and then be satisfied with the trade - not perhaps the results, but that you took the trade within your parameters. I quess what I am saying is can you tell these situations before hand? Make 'em pretty, Chris