this is a " head banger " thread.... lights on, nobody home. shut off the box. get on a plane, find donny bright at stocktrading.com in vegas and learn how to trade this crap. self flagellation has gone on long enuf. stop pissing around. s
What is Shopster's P&L first few months of trading in his life? You don't have to read this thread. This thread isn't designed to entertain you, it's for my own notes. If you want to something more exciting to do, go throw your big bucks at some stripper. All I care about right now is treading water. Small gains or break even is fine until I finish reading everything I need to read. Donnie Bright sounds like a gimmick name to me. Just like tradingacademy.com.
..................................... " Donny Bright sounds like a gimmick name to me.............." you have no clue. s
+22 Cutting it short so that I will end with a positive week. Getting out with a lot of small gains at a time. I don't care, don't want a losing week. I'm sure Lightspeed loves me with all the commissions I'm giving them on the tiny scalps. Sold Short 108.68 09:32 Bought 109.08 11:00 Bought Cover 108.64 09:32 Sold 109.10 11:01 Bought 109.03 12:08 Bought 109.75 12:13 Sold 109.05 12:08 Sold 109.77 12:13 Sold Short 109.79 12:31 Bought Cover 109.77 12:39 SPY Bought 131.75 09:58 Bought 131.75 09:58 Sold 131.77 09:58 Sold 131.77 10:30* CAT Bought 111.37 10:04 Sold 111.40 10:04 * Realized later that I had pressed the button twice and doubled my position on accident. Thought I was doing ok until I looked at the P&L with it still running at a loss. I decided to wait it out and just get out barely. That was a close one. I am lucky to get out of it. I've been ok with button pushing issues for a while. This is one that resurfaced.
+16 A whole lot of nothing today. I was pretty much watching the market all day. Couldn't pull the trigger. It is what it is. Sold Short 109.32 12:06 Bought Cover 109.29 12:06 SPY Bought 130.77 11:36 Sold 130.80 11:36 Bought 130.69 11:42 (300 qty) Sold 130.71 11:44 Bought 131.19 15:33 (300 qty) Sold 131.21 15:34
-35 Real upset at what transpired. My main loss was during a sudden power outage at my house. By the time, I powered everything back up, I was down from my profits. Felt like I really didn't deserve this one. I'm really emotionally drained from this. This is the most trades I've done to date. Gotta cut it short. Have to take my mother to the doctor again. SPY (All 300 qty) Bought 131.25 10:37 Sold 131.10 10:48 A power outage couldn't have come at a worse time. I had a limit order to sell at 131.28 and realized that during my time out, it went up to 131.27. Had I been online, I would've adjusted the exit price. This is so bad!! Bought 130.94 10:57 Sold 131.05 11:00 Emotionally I was so bothered that I got back in and made a poor emotion decision stemming from the power outage. One really has to have their emotions in check for this. I would not have gotten in on this poor entry if it wasn't for the power outage and my desperation to get back in the green. Thought I was doing better with keeping emotions in check. Unbelievable. Other Scalps SPY Bought 131.81 09:46 Sold Short 131.77 09:51 Sold 131.83 09:47 Bought Cover 131.75 09:53 Sold Short 131.51 10:23 Bought 131.44 10:30* Bought Cover 131.49 10:24 Sold 131.45 10:32 Bought 131.08 13:36 Bought 131.19 15:01 Sold 131.09 14:13** Sold 131.20 15:03* * Didn't like where I was, opted to just get out. ** Waited forever. Bad entry. Sudden rally but just opted to get out. That was lucky. GS Bought 109.17 10:10 Sold Short 112.30 12:23 Sold 109.32 10:10 Bought Cover 112.24 12:23 Bought 111.71 13:31 Sold 111.73 13:32
-110 Nonetheless. couple real bad trades. I have no patience. Tough week. Sold Short 113.40 09:57 Bought Cover 114.53 10:08 My bad trade was that I was trying to time the overshoot. It's dangerous to counter trend trade. I learned something new about it today. I don't know why I chose 113.40 as the entry price. Poor judgement. All I did was pick the previous high and thought there would be a pullback but it never happened. I doubled down at 114.58 to get back some of it and exited at 114.11. Another emotionally draining day. I really doubled down later on when it was really going up to fast. Bought 115.41 13:43 Bought 115.06 (doubled down on accident) 14:08 I was in too much of a habit of shorting all day. I meant to sell at that price. Sold 114.88 14:18 Bad choice on my part of 115.41. Should realize that a 0.02 spread under the EMA isn't going to cut it with GS. Shame because it went back up to where I could've broke even. That's when it really hurts. Other Trades Sold Short 114.58 10:07 Sold Short 113.15 09:31 Bought Cover 114.11 10:47 Bought Cover 113.09 09:32 Sold Short 114.75 12:20 Bought 115.23 13:00 Bought Cover 115.715 12:20 Sold 115.27 13:02* Sold Short 116.07 12:21 Sold Short 116.40 12:22 Bought Cover 115.85 12:25 (400) *Good entry price but given how I was down so early. I opted to get out quick. Bad exit so to speak.
-.070 Was mostly watching the market before I fell asleep. I was too emotionally exhausted from yesterday. Didn't get any sleep after the market closed yesterday. Missed out on a good opportunity at that time today. I made a mistake in entering the price on one early. Didn't mean to enter the trade. The dollar figure was off so it ended up being a market order. Just wanted out. Lost on the market order. No rebate. Sold Short 113.29 09:52 Bought Cover 113.28 09:53 I have to be extremely careful from now on. Part of my problem is that I just want out. I hate being in a long time. The anxiety of it is what kills me. I realize that in the long term, I have to let trades run. That is it if I'm want to be profitable.
It is obvious from this statement that you do not want to be profitable. So what is it that you want? Are you doing this for fun? (Doesn't sound like it's fun for you.) Do you like the anxiety? Is it the thrill of the trade? Gambling? What is it that you want? It is said that we get out of the markets what we want.