J, Take the challenge and stick to what your stats tell you! It can be a mental challenge as you are going to be pulled the market to trade during the off hours. I sure was ... Have a great weekend, PQ
I plan on sticking to the stats. I am just going to shut down the old order entry and data before lunch so i wont be tempted to trade during the off hours, and find other work to fun stuff to do
Did not trade today...needed a breather and had other work to get done...plus it was experation friday...
9-22-03 Pretty dead day today. Kinda figured it would be slow with the huge gap down this morning. Shorted MXIM this morning at 42.42, covered half at 42.00, stopped other half at 42.29. Shorted GS at 92.31 this morning, stopped at 92.34. Shorted GM @ 41.45 as a swing. Shorted FLEX at 14.94 stopped at 15.01. Went long RHAT at 10.45, stopped at 10.36. Over all pretty sloppy day. Grossed closed positions +$20.00 on 1450 shares Open positions PNL +6.00
Slow day nothing special. Took AMZN long at 47.58....trade went with me about .20 so i put in a BE stop. Took my stop at .56 and decided to rally all day ....hmm just my luck...but i knew it was a good setup, just had to good of risk managment in it maybe. Ended up jumping ship on my GM swing. The support was to much for it, and i didnt want to be short. Got out at 41.56. Took VXGN long at 11.01, trade went with me and i put in breakeven stop...again same thing like AMZN, stopped out at 10.97 and it ran. Took SYMC long at 64.40, scaled some out at 64.65, scaled some more out at 64.85, and scaled the rest out at 65.82. Nice play, my saving grace for the day. grossed +$91.00 on 1250 shares today. Should of been alot better.
9-24-03 Another slow sloppy day for me today. Didnt expect a huge down day like this and didnt capitalize on it at all. Lot of money to be made today, and i just keep watching it go by. I took GE long a little after the open at 31.67. It held up very wekk in the weakness in the morning but it also didnt want to do much. Ended up dumping it at 31.65 Took PETM short at 23.76. must of had some big buy orders bcause it jumped quick, took my stop at 23.96, and then dropped. Could of been a great trade if i wasnt stopped out. Took ebay long at 56.49, sold some at 57.12, and stopped the rest at 56.66. During lunch time i scalped SPY a couple times for a lose. WWHY? i dont know. Completely against my plan. I dont trade during lunch, and i dont trade the ETFs ever. Took INTU short at 50.02, covered some at 49.80, and covered the rest at 49.91. Grossed +$60.90 on 1800 shares. Consistant with profits, they just arent very big
0-25-03 Short day for me today. Another small winner. But consistant. Took CTAS short at 38.38, stopped at 38.63. It just didnt want to sell off. It was sitting on some major suport. It did finaly sell off but i was allready out. Took QLGC long at 48.86, took some profits at 49.20, and took rest at 49.50. Took SPLS long at 25.48. Jumped ship at 25.32 when it didnt want to run after it broke its base. Grossed +$41.20 on 800 shares.
9-26-03 Very slow day for me. I had alot of business work to get done, and didnt like the market much today. Only took one trade. Took amzn short at 46.93 and covered quick at 46.60. Grossed +33.00 on 200 shares for the week i had all green days with a measely gain of 246.10 on 5500 shares. Very light week for me. I got a message from a buddy of mine last night saying i need to talk about more of my trades in here etc. I have just been busy lately, and this journal hasnt been top priority. Next week im going to raise size. I also will make this journal much better. Have a great weekend!!!
9-29-03 Just a slow day for me as usual. Today was my first day of trading 300 share size max. Didnt turn out to be a great day by any means. Got whippeed around in the morning, and ended up calling it a day. I took GERN long into the open at 13.83 Opened nice and strong, and held its gap. Was going with me nicely, but then market started to show weakness, and so GERN followed. Stopped out at 13.76. I need to learn to take some partials faster. I also took SINA long into the open at 36.94. It gapped up nicely with all the internet stocks, and after all the selling of them i figured it would stay strong. It also tanked with the market though. stopped out at 36.51. Heres a example of my risk managment hasnt been very good. I was holding max position size and my stop was way to big for that. I will be constructing a risk managment sheet tonight. Ill post the jist of it later on here. I need to keep better risk managment. I took VRTS short at 31.11 after it broke out of the 30 min base. ended up stopping out at 31.29 when market started to rally. Was a great setup, market just wouldnt cooperate. Over all the day could of been worse. Grossed -$160.30 on 1600 shares. Tomorrow ill have some month stats posted here. My performance havent been great. But this is my first full month trading, and i will be net positive, so i guess i cant complain much. The learning curve could be worse.