Sam's Day Trading Log (With Charts)

Hey Kon, Trade 2 was a dedication to you. You just made me some more $$$ today . Thanks!!!

 

"Todays flavor of the day is FAS"

Took a number of trades in FAS and kept to it. With time I am becoming more comfortable with this stock and that seems to be a good thing as it becomes more predictable. However, it is also creating a comfort zone and making me not want to venture out in search of greener pastures.

I wish I had a full trading day as this thing is in Bear County for today (11am-1pm : $0.60 short opportunity, and I'm sure more is to come!).

01/04:

Pic. 1:

Trade 1:
SHORT:
Entry: $29.68
Exit: $29.68
+$0.00

Trade 2:
SHORT:
Entry 1: $29.59
Entry 2: $29.45
Entry 3: $29.31
Exit: $29.20
+$0.75

Trade 3:
SHORT:
Entry: $29.13
Exit: $29.17
-$0.04

Trade 4:
LONG:
Entry: $29.19
Exit: $29.19
+$0.00


<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=3051523/.png">


Total (+/-): +$675.00; [$710.00-$35.00(commission)]
All Time Net (+/-):+$1767.22

 

Futures lower; another SHORT day?. Is anyone seeing differently?

 

long fas. t1 at 29.40 and 29.60

 

t1 hit, stops at b/e. Sorry, let me post this one day trade then I'll be done . 250 shares left. I see you like fas, so i thought itd take a crack at it.

 

out last 1/2 at 29.59 . + 125.00 on the trade. Ok, peace.

 

Kon, what's this about a SWING trader testing FAS and knocking out $125 from it in a few minutes. Nice one my friend!!!

 

01/05:

Since early morning I had a biased opinion of the market taking a tumble. This bias was enhanced by the lack of any upward movement when the ADP employment #'s came out better than expected.

I generally trade with some sort of bias, but then am also willing to change my trading strategy rapidly, if the market does the opposite. Today was one of those days. However, I don't think I adapted as well as I should have. You can see this by the # of times I got stopped out!!!.

Anyway, here goes:

Pic. 1:

Trade 1:
LONG:
Entry: $28.98
Exit: $29.08
+$0.10

Trade 2:
LONG:
Entry: $29.21
Exit: $29.39
+$0.18

Trade 3:
LONG:
Entry 1: $29.42
Entry 2: $29.52
Exit: $29.65
+$0.36

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=3052736.png">

 

Pic. 2:

Trade 4:
SHORT:
Entry: $28.32
Exit: $28.06
+$0.26

Trade 5:
SHORT:
Entry: $28.04
Exit: $28.20
-$0.16

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=3052739.png">

 

Since FDO opened down with such a gap, I was expecting some sort of movement. I turned out to be a good trade that went bad. If anyone has suggestions pls don't be shy to shoot.

Pic. 3:

Trade 6:
SHORT:
Entry: $45.50
Exit: $25.45
-$0.05

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=3052742.png">


Total (+/-): +$682.00; [$727.50-$45.50(commission)]
2011 Net (+/-):+$2449.22