Good luck with your finals I ve followed you a long time but I guess i missed the bad part. Small numbers now--what happened? You used to post blowout numbers i remember Anyways where do you stand for the year ? Goodluck in future. One journal that seems like a true traders journal with all the agony too written over it and the successes and struggles--whoever said it was easy? godspeed to you. http://www.youtube.com/watch?v=VKE_3kXg7_c&feature=related
Hello Limit, Thanks for taking the time to share your ideas. SEED was called out in the chat room I am in. I do find that I make a lot of money as a result of the chat room. I don't keep track but its well over $1k a month on average (factoring in the good and the bad) I think picking a method, like the same stocks over and over is a great idea. i choose to use the very same setups (almost all my losses and all of my large losses are a result of discretionary trades or mistakes) happy holidays to you and yours Robert
Hello NoDoji, Thanks !! Yup, and now I have a better filter for stocks like SEED (I found out quickly and somewhat painfully that a mean average can really get skewed with a big outlier like what happened with the volume with SEED) AIG was not based on a signal and while slow I do actually learn..... Thanks Robert
Hello David, yes I totally agree it takes years and I have found that every year I was better then all of the previous years. looking forward to next year. Happy holidays to you and yours Robert
Hello Walt, Thanks for reading my journal and thanks for taking the time to make a post. I hope I never reach a point of not being willing to listen to new and better ideas. Yes, totally agree with you. My screener is actually supposed to screen and / or adjust for volume and this one (SEED) found a defect in the model. happy holidays to you and yours!! Robert
Back and forth with Amazon Traded AMZN several times as I kept getting stopped out with a new signal. Unlike my normal fading trades this one uses tight stops intraday (signal still fades daily). I delayed in my entries and I kept very tight stop losses and so I missed out on much more but my risk level was low and with a stock priced like AMZN I was happy to keep the risk low. WWC + 33 UTIW gap up + 59 TM didnt do much and stopped out WWC -12 RMBS was the real frustration total. came within 1 cent of triggering daily but was well above intraday level so I chased it down but at least was able to get some out of it. later it came within 10 cents of an entry later in the day as well and then fell off a cliff in front of me. The second time it was not where I could chase it so I let it go. B8 + 43 PSS gap up + 178 PLCE stopped out WWC +1 PHG WWC + 24 PFG was a long fade that I bought a little above 23.50 but when it failed to continue above 24 I stopped out for a small gain. Later in the day as it was moving lower I went short looking to see if it would break to new lows as the day went on. B9 + 38 and the trend down for a total of + 101 All in all a pretty busy day and well worth it. Size in all trades was very small + 442 + 1108 month
Hi GG, Thanks, its sucking up a lot of my time thats for sure. hope to have them all done before the next weekend. I found myself doing trades that I had no justification to be in and it was costing me money. So I pulled money out of my thought I would trade small again for a while. A couple of times I raised the share size and had to take a step back again. Next week Monday I plan on raising the size again provided this week finishes off well. Have a great weekend and happy holidays!!! Robert
Good day to end the week with. This one is going to be quick as my wrists are killing me from being on the mouse non stop (first the right and then I switched hands and used the left hand with the mouse until that started hurting too much as well) RMBS gap up after B8, doubled the size of the trade and worked out well. + 155 STE oversold + 141 MRVL gap (closed early or would have made target) slow mover and didnât seem to be making good progress towards target so closed out with a stop loss. +11 MAN overbought B8. This one went somewhat good. I had very few shares offered under 58 and most of my entry was just above 58 but below the HOD. did a little better than target. + 159 CAL new signal took a stop loss â 13 BIG gapup + 74 Was a pretty good day and a pretty good week. Will be stepping up size on Monday and we will see how that goes. + 529 + 1637 Month
Today went by quickly I was willing to increase my share size but for better or worse I was hitting the very tops of the shorts today. NVDA gap up + 331 ASIA was a great gap up but only a few of my shares were lifted. Made full target though and quickly. + 59 NTRI gave an overbought signal and it turned into an ok trade. I was hoping to do much better but when it appeared that it was stuck or holding at 28 so I covered and turned flat. + 225 + 616 + 2253
doing some catch up Its been a very busy week and I have been having some issues with my wrist so catching up now. I took 16 credits this semester with five classes and so far it appears I have 3 As and one that is somewhere in the B+ to A range (depending on the curve but my best guess is an A-) and one that one that I have no idea as the final was a 10 page paper that I turned in today (went into the final with an A-/A but tough paper so I will have to wait and see) All in all pretty happy considering I also had my third son right at the start of the semester too. I am really looking forward to moving forward with some setups now that I should have more time starting next week. I have already been starting to mentally get in the mindset of the new setups with 100-400 share lots and so far so good. TLB +20 SAFM + 63 CLW + 103 + 187 + 2440 Month