New post

I really should try posting more often. Right now i’m in medellin, colombia aka. heaven on earth. I would recommend every man come here at least once in their lifetime. My account is up to 1763. 1200 more to go to 3000.

No trades, no posts

I didn’t get in any trades yesterday or today. I guess I’ll have to wait till next week to make some money. It’s hard to not be able to trade but I’ve learned that sometimes, it’s just better that way. I’d rthar not trade than get chopped up anyhow.  Even though I only had one positive day more than covered both negative days so I added money to my account which is always a good thing. I’ll be trading remote for a few weeks. It will be the first time I’m trading from out of the office so I know Murphy’s Law will come into effect and try to slow me down. Hopefully I won’t lose too much when it rears its ugly head.  Hope everyone has a good weekend. Go METS!!!

Title

I’ve run out of titles. I didn’t even want to post since I’m watching the Mets game but I figured I should break the habit of delaying my posts on my losing days. I went short on WCI and CTV. I went long on IMCL. WCI got me stopped out for a .27 cent loss.

Here is CTV

CTV

I went short on the break of the 12:00 bar. I figured the stock had gone as low as it can go, but then again I’ve never been a good bottom picker (unless it’s a losing trade).

Here’s my winner for lack of a better word.

IMCL

I went long on the break of the 12:15 bar. It made a fake attempt to go up at around three but then it fizzled. Good enough to cover the loss on WCI.

With 300 shares, my loss for the day was  $112.2 /1.78 Zs. That’s how it is sometimes.

New highs!!

Personally, I could care less. My broker friend asked me today if I made  money(which after the 72nd time, get’s annoying and I usually just answer no to). I was amazed at his ability to know without me even saying anything, but before giving him credit I asked, “why would you say that?”. “The market was up today, made new highs”.

Well funny because those new highs did nothing to help out my one long today

LH

I got long twice. Once offof the 11:30 bar and again after the 12:15 bar. I didn’t expect much a move up but I figured that even though I got stopped out once it was forming a base at that level. Boy was I ever wrong.

Luckily the new market highs didn’t have an adverse effect on my best short

DGX

I got short at 53.40 on the break of the 11:45 bar. Held it to the close.  So with 200 shares and after fees I ended up $594/14.14 Zs. Tomorrow I’ll be trading 300 shares. Hope you all had a good day.

Another Post

I stepped it up to 300 shares today and did three trades. Unfortunately none of them worked out so I ended up with a $260/4.12 Z loss.  Here is another reason why I don’t attempt to make predictions about the market.

HET. This is usually where I post the chart but flicker isn’t working so use your imagination or your own charting software for 10/2/2006.  Anyhow, this stock reportedly received an offer for about $81 per share. Now I know that stocks don’t go up to the price of the buyout even if it’s confirmed since it takes time for the actual thing to go through. Of course when I saw the stock retrace to 75.60, and allow me to go long on 76.00 I was picturing a good day. Even if it just went up to 77 it would have been good. Of course, I got stopped out because logically, the stock made it’s only moves during the first 45 minutes of the day.

I got stopped out of GILD, which eventually went down but not much. The only candidate that would have  worked out for me today would have been GIGM, but I couldn’t short any shares. That’s the way it is sometimes. Tomorrow I’ll trade with 200 share and see what the market brings.