Hello Monti1a, thanks for saying so and yes I agree. Money management is key for lasting a long time. What happened to me last month is a good example of what will happen sooner or later when you dont focus on risk. Surely is humbling to have my face bashed in that hard and I have a lot of work to do in reaching a new high water mark. Best to you Robert
Today turned out to be better than expected. Especially more so as I really dialed down the volume of my trades. Oil traded above 72 today and the market in general was down other than a brief amount at the open . Perhaps those listening to and following Jim Cramer last night on CNBC with his usual market comments where able to buy right at the top. I know that sounds very critical and while my sample size is pretty small it seems like his calls do move markets but perhaps not in the way the viewers would prefer if they are entering into a trade. I made no discretionary trades today and stayed with the dog ear playbook. That as usual worked out well and provided some very nice gains. The quick pop higher during the open followed by a reversal fall in the market setup a perfect overall market for me and I was able to take advantage of it. My tres futs trade continues to do well along with SYNA and PEP. URBN + 905 MELI + 2228 MAC + 884 CLR + 206 AGO + 360 + 4584 Day - 15538 Week / Month
End of another week and it turned into a pretty good day. I had several trades including a nice one with CBS. spent a lot of time with JCP as it was very strong today. I booked some gains with JCP and faded the last move higher at the end of the day. I will be looking for a retrace Monday. The other holdings are all in the positive so while it was a tough week at least its ending well. MEG + 226 JCP + 307 CBS + 1173 AGO + 222 MAR was a trade off an old signal that didnt get full target but at least showed a gain + 65 + 1995 Day - 13543 Week / Month
Hello nesyo03, Thanks for stopping by the journal and especially so for taking the time to make a post. You share some really good advice. I am also limiting my trades to only current setups as well as trading smaller size that I will increase only upon account size growing again. Best to you and your trading and please feel free to post again Respectfully Robert
Monday brought some nice gains with very little stress I worked for a while over this weekend trying to get Stockfinder to work correctly the way I wanted and it paid off nicely. Most of my gains today was a direct result of stockfinder searches. Other gains where from stocks that were pointed out in the chatroom. Days like today makes me glad to be able to spend my day with others and having extra sets of eyeballs on the market. My toughest trade by far today (and it was not that difficult) was SWM. It wanted to move higher and higher. It gapped up two days ago and moved up yesterday and today. Its not that rare for a stock to do this but what is rare is for it to open higher on the next day. Taking a step back I actually entered the short with SWM due to the intraday action but right away I noticed that it was something that I wanted to be watching for a short at the close. As it turned out I covered some of the shares near the close for a small gain and kept the rest for an overnight in search of bigger gains. SWM + 133 LFT + 731 JCP + 319 ELON + 615 DISH + 396 (gap up trade) BKS + 2095 + 4292 Day / Week - 9251 Month
Pretty slow day today My carry over from yesterday with SWM went well and I covered it shortly after the bell rang. I could have held and ended up with a larger gain but at about $1 per share gain I was pretty happy and covered. SWM + 1599 SATS + 2 QGEN + 105 + 1707 Day + 5999 Week - 7544 Month
Today started out pretty fast with TOL moving higher Another good day of trading and I picked off tops very well today. Starting with TOL which I shorted right around the first move of the day in the $23 range and was able to cover for a nice gain about 15 minutes later. TOL + 697 Then I sat and waited for another signal to pop up and ended trading WX near the HOD and was able to put some size on it. I started really pounded on it after it went above 13.40 and scalped some near the BE and kept some to get full target. It ended up breaking down much further but the trade was a good one regardless and especially so as it was such a small priced stock. WX + 1771 ADCT + 16 + 2485 Day + 8484 Week - 5059 Month
Hello Hermit, Thanks for reading and your post. the other big advantage of trading that is limited to just my setups is my stress level has gone down as well. Best to you Robert
Hi Jack, Thanks for saying so. Its been a good week so far and the trading is going about as good as one could hope for. My shares traded really has gone down a lot along with the stress and amount of time I am glued starring at a trade. I plan on just keeping the course the same and see where it takes me. Best of trading to you Robert