Hi everyone, I would like to start my day trading journal. I currently trade only US equities. Morning: Shorted the banks on the open and made a nice profit in wfc and jpm Midday: Nothing major happened made a couple of insignificant trades. Close: Close was very a active made a very nice trade on shorting HCN on the earnings. Robert
I trade NYSE, Amex and Nasdaq. I am also going to try to make an attempt later on this year to trade a little bit of options.
January 30, 2009 Open: Very good open. Shorted MSFT, RIMM and PALM. Small shares on all those shorts. Midday: Couple of ok trades. One good trade was XOM short at around 1:10pm, but had very few shares. Close: Took heavy BAC short at 3:30pm thinking the stock is going to break new lows and lost all of the profits for the day and them some on the pull back. Overall apart from few mistakes that cost me my net, I am not too upset. I always try to find something positive in the negative days and learn from them.
Feb 4 Only traded a couple of stocks today. Morning: Traded JLL on the earnings. Was a nice long from the open. Close: Traded CSCO on the earnings. Started longing the stock at 15:20 and got out on the close.
Sounds like a recipe for disaster. Why would you have to stay in a stock overnight? With my trading program a simple click gets me out of a stock.