only a few trades today mostly bad. I received multiple short signals with ENER and I jumped in a little fast and hard. Looks like I am going to pay for that. I did cut back some size and took the hit so that I was a little bit more inline with where I should be in shares. Closed out CVX at BE bought some more GE and then sold some. + $15 and I lowered my cost basis to 28.74 MEE started out as a great trade today but I tried to get more profit than the market was willing to give and then it turned on me. I stopped out all but 100 shares and then it started to move back down. Lesson learned I think with this one. Still short a large amount MEE and I am down a lot with that. - 5617 for the day / week + 13622 for the month
Mixed day today. I did not trade on the scalping signal due to the early entry of ENER and back tested to see how often that would happen. I also made some changes to the scalping signal. I also removed until I have time to look at and or make changes to the T1 signal. This signal put me into ENER as far as I became. Turned into a perfect storm of signals that put me into ENER to quickly. Had the scalp and the T1 signal not been used and only my normal B6+ then ENER would have been a profitable trade and I would already be out. I did cut back on ENER but still short and underwater. Still holding GE that is about BE. Still holding MEE that is underwater. Two trades today SCO + 87 HK + 288 The results are from trading/scalping MEE and ENER both of which I now have a higher sales point. Still feeling good about holding them overnight. - 3372 for the day - 8989 for the week + 10250 for the month
Overall a better day than Monday or Tuesday. ENER actually went at one time in the money and I closed out MEE for a small profit (and then entered again) While I did not exit totally from ENER I did trade enough to bring up my cost basis and still not close out a loss for the day. (not a goal just a result) I am still of the thought that ENER in similar fashion as LDK did a few months ago and if that plays out we should see it fall further as the week moves on. two trades today. YRCW + 694 DF + 54 bought some more GE that I will carry overnight as it goes X dividend and I like holding GE at these prices. Friday I will be looking to write some OTM far off options to cover the long and to increase the yield. ( Of course this comes at a cost to possible upside) Shorted MEE for a carry over to tomorrow. + 278 for the day - 8711 for the week + 10528 for the month
Starting out late today as I was in to see the DR. New trade alert with ANR today. ANR is a short above 103.55 This is a swing trade with a 6% profit target S:Brenton
Traded ENER back and forth but stayed to the short side and it cost me. Now down for the month. Need to not break my rules and I would be up for the month. Frustrated with my trading this week. Still long GE, short ENER I did have a couple of small trades today. covered from an overnight MEE + 68 Traded WYE +21 S:6b+ ELN Carrying overnight S:6b+ - 13768 for the day - 22479 for the week - 3240 for the month
1reason i have been watching your results. One quote comes to mind here and i will share it with you "We can't solve problems by using the same kind of thinking we used when we created them.". Best of luck.
Short edit to the results for the day. I did trade ELN during the day while remaining overall short. + 132
Hello Pro, On a very frustrating day I want to say thanks for the kind words. I very much agree with you. One of the reasons for the journal is reflection so that I can improve and I think this journal serves the purpose well. Reflecting on where I went wrong and how to better prepare for making better choices is what I will do as a result of this week. I went into last weekend with the best month so far this year. While I sure don't enjoy these setbacks I do understand they happen and plan to make tomorrow the best I can. Best to you sir
And the week is over. I covered all the ENER and now am flat except I have some covered GE at a BE of 26.95 just for fun ENER did fall at the close of the day to around my breakeven just to say have a good weekend I guess. I would like to say thanks to all the encouraging messages. I was really surprised and I am thankful. The good news is that I am still up for the year even though I gave back a little bit over half the profits in one week I know that just following my rules would have and still should keep me profitable. I also have had time to adjust the "Laurel" signal that got me into ENER to begin with. So next week will be a clean slate with a little bit more experience under my belt. I actually did have some positive trades. ELN + 376 WU + 1.49 (yes one point four nine LOL) - 6412 for the day - 28891 for the week - 9652 for the month
Hi 1Reason, I do not like what I see on your thread! It musn't be like that. This way it's very difficult to keep focused. With your active way of trading every month must be profitable I think.