Tuesday, December 30, 2008

Trades for 12-30-08

So far the decision to open my opportunities has worked. Also, I don’t think I’ll be doing anymore videos because once I upload them to youtube they look like crap.

Looks like I will be out hunting elk again (my bro has one more tag to fill) either tomorrow or Friday, so if I don’t post you know why :).

My buddy ORION MACHINE posted a video today explaining why traders fail, and I wanted to share it with you. I also put the video on the “My General Trading Rules” page (see link under “My strategies”).


Totals for the day
Discretionary trading: (+2.24%) paper-trading
All times on the charts are Mountain Standard Time.

TWM – Long (+.83%)


UWM – Long (+.42%)
UWM – Long (+.20%)


ORCL – Short (+.27%)
ORCL – Short (+.32%)


UWM – Long (+.20%)


10k strategy: (0%) ($0)

No trades

Monday, December 29, 2008

Trades for 12-29-08

Talking with my dad today made me realize that I need to be looking for more opportunities, and I’m pigeonholing myself with trading only the Q’s. So I decided to start looking at other stocks/ETFs, and from now on the “QQQQ 5M” will now be known as “Discretionary trading”.

Totals for the day
Discretionary trading: (+1.18%) paper-trading
All times on the charts are Mountain Standard Time

QQQQ – Long (+.07%)
QQQQ – Short (-.24%) I should have been more patient, and waited for a long because I knew it was bottoming.
QQQQ – Long (0%)


UWM – Long (+.50%)


OXY – Long (+.46%)


UWM – Long (+.39%)


Sorry, no video today. My videos are still looking like crap :(.

10k strategy: (0%) ($0)

No trades

Thursday, December 25, 2008

Santa’s unauthorized entry into our air space

Santa entered our air space with out approval, so we had to take out one of his reindeer (yes we shot an elk, but I thought it would make a funny title :P). We left the house yesterday (Christmas Eve) at about 10:30am, and made it down to the town near are area to hunt at about 2:00pm. Stopped at a gas station, and while my dad was standing in line the clerk saw his cameo and asked “what ya lookin for?” He said “elk,” and a couple of guys standing in line said they had seen some outside of town to the east. So we headed out there to check it out, and took our 1st batch of photos:



Once we made it to the area they were talking about, we noticed a lot of tracks and saw some deer. The only problem was that the area was covered in ranches (private land) so we decided to leave and go to the area we were originally going to hunt. On the way out we spotted some elk on a ranch, so we looked around for the ranch owner for about 15min-30mins. We couldn’t find the owner so we left to go to our original area. Once we made it there we parked the snowmobiles and drove up the road a little ways. About ¾ of a mile up the road we saw some elk, so we hopped out of the car to go after them, but they must have saw us because they ran off. So we jump back in the car and drive around for a little longer. We end up going up the road where we shot our elk last year, and we spot another herd of elk. This time they don’t see us (if they did they didn’t care), so me and my little bro get out of the car and head after them. We had to hurry because it was getting close to sundown. Once we get about 400 yards away, I set my little bro up to take his shot using my shoulder for a gun rest (kneeling). He takes the shot and misses, but my dad says on the radio “go after them, they stopped!” So we start running (more like jogging because of the snow and gear we had on), and close in to about 300-350yards away. Sucking wind like a mofo, I told my bro to take his time and catch his breath because now he had to take a standing shot off the shooting sticks. He squeezes the round off, and I look to see the elk drop! Once we got closer to her he had to put another one in her because she was still kicking. Then the fun (work) began, but thankfully we had the snowboiles to drag her out with :). Ended up getting home at around midnight, but we got it done. Here are the photos, and video of the elk:

Tuesday, December 23, 2008

Trades for 12-23-08, and weekly total

I’m going back out elk hunting tomorrow, so you will probably not hear from me until the 28th. Have a merry Christmas everyone (yes I said “merry Christmas” and not “happy holidays :P)!

My total for this week is nothing because I paper-traded.


Totals for the day
QQQQ 5M: (-.38%) paper-trading
Short -.24%
Long -.31%
Long -.48%
Long +.24%
Long +.41%

The notes for each trade follow:
Trade 1: Should have waited 1 or 2 more bars and entered a long
Trade 2: Would not have happened if trade 1 was done right
Trade 3: My dad distracted me, and I got in too late. I should have just passed on the trade all together.
Trade 4: Was almost stopped out at @ $28.98, but it missed it by $.01 :)
Trade 5: I should have stuck with my stopgain @ $29.18

All times on the chart are mountain standard time


Here is a video clip of my trades so you can pause and look at my entries/exits at the time I did them:


10k strategy: (0%) ($0)

No trades

Monday, December 22, 2008

Trades for 12-22-08

I ended up deciding to can trading QQQQ on a 1 minute chart because it didn’t meet my goals. So now I’m back to trading QQQQ on a 5 minute chart, and I will paper-trade it until at least next Monday. I decided to go with paper-trading it because of the short holiday week. I may dive into trading it next Monday, but right now I’m not sure.

Today I did good. I think I am now fully out of my mental rut, too bad it’s a short trading week :(. I jumped out of the 3rd trade because it had gone flat for too long, the 1st trade I tightened my gain by $.02, and the 2nd trade hit my initial stopgain. I’m glad I got out of the 3rd trade when I did because my internet crashed on me shortly after my exit.

Totals for the day
QQQQ 5M: (+.88%) paper-trading
Long +.54%
Short +.24%
Long +.10%

All times on the chart are mountain standard time


Here is a video clip of my trades so you can pause and look at my entries/exits at the time I did them:


10k strategy: (0%) ($0)

No trades

Went out elk hunting yesterday, almost had 1 but she smelled us and ran off :(. We also ran into a TON of deer, here are some pics:





Friday, December 19, 2008

Trades for 12-19-08, and weekly total

My total for the week (12-15-08 to 12-19-08) is nothing, I had no real trades.


I will make my decision on whether or not I will continue trading QQQQ on a 1 minute chart over the weekend and let you know what I decide on Monday.

Check out this guy’s video channel on youtube at http://www.youtube.com/orionmachine, I ran into him through posting comments on the “Forex Intraday Trading” blog. I also added the link to the “educational links” section for future reverence.

My dad was on the phone today with a friend from his work. We were talking about gapers, and I told him I’d post the links to where I get my gapers list from so the following links are for him or whoever would like to use them to get a gapers list pre-market open.

NASDAQ pre-market movers: http://dynamic.nasdaq.com/dynamic/premarketma.stm
NYSE pre-market movers: http://www.nyse.com/equities/nyseequities/MarketMovers.html

Totals for the day
QQQQ 1M: (+1.09%) paper-trading
Long +.26%
Long +.03%
Short +.19%
Short +.26%
Short +.33%
Short -.24%
Long +.03%
Long +.23%

All times on the chart are mountain standard


QQQQ 5M: (0%) ($0)

No trades

10k strategy: (0%) ($0)

No trades

Thursday, December 18, 2008

Trades for 12-18-08

Choppy day today, after tomorrow’s trades I’ll look at trading the Q’s on 1M and see if I want to continue it.

Totals for the day
QQQQ 1M: (-.03%) paper-trading
Short +.23%
Short -.30%
Long +.23%
Long -.27%
Short 0%
Long +.23%
Long -.30%
Short +.26%
Short +.23%
Short -.34%

I finally got a chart made today :D


QQQQ 5M: (0%) ($0)

No trades

10k strategy: (0%) ($0)

No trades

Wednesday, December 17, 2008

Trades for 12-17-08

Looks like I will be paper-trading for the rest of the month like I had originally planed. No chart (again) today, I will make one for tomorrow’s trades though.

The trades posted for QQQQ 1M are up until I “stopped trading,” which means that had I been trading for real I would have stopped trading. The reason I would have stopped trading is because things weren’t clicking for me today and I had a bad feeling about continuing to trade. However, I continued paper-trading because I wanted to record what would have happened had I ignored my instinct. If I had ignored my instinct I would of ended my day (-2.11%). This has happened before to me (I just didn’t post it on this blog), so when I go back to trading for real I plan on obeying my instinct when it tells me to stop trading for the day.

Totals for the day
QQQQ 1M: (-.50%) paper-trading
-.33%
+.23%
+.33%
-.44% <---brain fart, should have waited a little longer on entry
-.29%

No chart for today.

QQQQ 5M: (0%) ($0)

No trades

10k strategy: (0%) ($0)

No trades

Tuesday, December 16, 2008

Trades for 12-16-08

Nothing of note in my trading today, see you tomorrow.

Totals for the day
QQQQ 1M: (-.35%) paper-trading
+.27%
+.13%
-.31%
+.20%
-.47%
-.20%
+.03%

No chart for today.

QQQQ 5M: (0%) ($0)

No trades

10k strategy: (0%) ($0)

No trades

Monday, December 15, 2008

Trades for 12-15-08

Sorry I’m late making my post, but I went ice-fishing :). I sat down over the weekend, and decided that it would be good for me to continue paper-trading QQQQ on a 1 minute chart until January.

Totals for the day

paper-trading QQQQ 1M: (+.48%)
+0.17%
+0.21%
+0.28%
+0.21%
-0.48%
+0.31%
+0.27%
-0.31%
-0.28%
-0.17%
+0.27%

No chart for today, I will try to make one next time.

QQQQ 5M: (0%) ($0)

No trades

10k strategy: (0%) ($0)

No trades

Friday, December 12, 2008

Trades for 12-12-08, and weekly total

My total for the week (12-8-08 to 12-12-08) is (-2.95%) or (-$792.07)


It feels like I’m getting out of this mental rut I’ve been in lately. Still not sure if I’m going to trade on Monday, it all depends on how I feel Sunday/pre-market open Monday. Have a good weekend everyone!

Totals for the day
QQQQ 5M: (0%) ($0)

No trades

10k strategy: (0%) ($0)

No trades

Thursday, December 11, 2008

Trades for 12-11-08

I sat down last night and searched for my problem. I found it to be having too much going on right now which is putting a drag on my mental ability to trade. I just piled the workload on with testing too many strategies, so I decided to put trading on hold until I clear my head. For today and tomorrow I will be paper-trading something I need to test in real time anyways, which is trading QQQQ on a 1 minute chart. I won’t be looking at anything else (10k, a 5 minute QQQQ trade, etc.) so that I can clear my head.

Totals for the day
QQQQ 5M: (0%) ($0)

No trades

10k strategy: (0%) ($0)

No trades

Wednesday, December 10, 2008

Trades for 12-10-08

Sorry I took so long to post, I left early to blow off some steam ice-fishing. Needless to say I’m disappointed in my performance today. Debating on throwing QQQQ 5M away, I’ll let you know if I do tomorrow.

Today I think my problem was trading too much. I also think I was used to trading outside of ranges, and now that we have been in a range this week I’m lost. But I really don’t know for sure, so if any of you readers see something that I’m not seeing you’re more then welcome to let me know.

Totals for the day
QQQQ 5M: (-1.46%) (-$395.29)
Long +.23%
Long -.66%
Long +.23%
Long -.56%
Short -.50%
Long +.03%
Short +.82%
Long -.17%
Short -.41%
Long -.47%


10k strategy: (0%) ($0)

No trades

Tuesday, December 9, 2008

Trades for 12-9-08

I think I may have figured out why I’m not doing as good trading QQQQ 5M real vs. paper. It’s because I find myself looking at how much I might loose, instead of looking for the gain and the likelihood of it being correct. Notice that I improved once I realized what I was doing.

Totals for the day
QQQQ 5M: (+.20%) (+$40.90)
Short -.56%
Short +.71%
Long -.69%
Short +.23%
Short +.42%
Short -.66%
Long -.46%
Short +.53%
Long +.06%
Short +.33%
Short +.23%
Long +.06%


10k strategy: (0%) ($0)

No trades

Monday, December 8, 2008

Trades for 12-8-08

Crappy day today, 1st day trading QQQQ 5M and it’s a loss. It wouldn’t have been so bad if I had not gotten stopped out at the 9:35am bar (see chart), and faked into a short. The problem with today was the flatness in NASDAQ, and QQQQ, it just plain threw me off my game.

Totals for the day
QQQQ 5M: (-1.69%) (-$437.68)
Long +.30%
Short +.20%
Long -.77%
Short -.67%
Short -.24%
Short -.51%


10k strategy: (0%) ($0)

No trades

Friday, December 5, 2008

Trades for 12-5-08, and weekly total

My totals for the week (12-1-08 to 12-5-08) are:
10k: (-.76%) or (-$214.65)
QQQQ 5M (paper-trading): (+3.55%)


Nice rally, especially on crappy jobs data. S&P500 and the Q’s are starting to break trend on their daily charts. Even though I didn’t have any trades today, I was really happy with avoiding a loss in WFT. It set up almost perfectly for a short, but I had such a strong feeling that we hit bottom for the time being that I decided to not trade it. The other thing that was cool was the NYSE rang the opening bell at beaver creek ski resort, which is about a 45min drive from where I live :). It’s an awesome place to ski, if you ever take a winter vacation to Colorado check it out.

I have started a new poll and will have it running over the weekend. I won’t base my decision on the poll (I’ll have that done tonight :Þ), I’m just curious to see what you all think about QQQQ 5M :).

Totals for the day
10k strategy: (0%) ($0)

No trades

QQQQ 5M: (+.77%) paper-traded
Short +.41%
Long +.30%
Long +.22%
Long -.47%
Short -.55%
Long +.44%
Long +.25%
Short -.93%
Short +.60%
Long +.25%
Long +.25%


Here is the up-to-date preformance chart of QQQQ 5M (per-trade):

Thursday, December 4, 2008

Trades for 12-4-08

I avoided a loss in CPB, but I also missed entries in TER (+.22%) and XOM (+.49%) :(. Tomorrow I will evaluate QQQQ 5M and see if I want to start trading it on monday.

Totals for the day
10k strategy: (-.76%) (-$214.65)

SLAB – Short (-.76%) (-$214.65)


QQQQ 5M: (+.84%) paper-traded
Short -.49%
Long +.25%
Long -.52%
Short +.25%
Short +.46%
Short +.21%
Long +.25%
Short +.43%
Didn’t feel like labeling the trades :Þ

Wednesday, December 3, 2008

Trades for 12-3-08

No trades today, and avoided a loss in JPM. My dad is trying to talk me into using QQQQ 5M for real, but I keep remembering that I’ve learned a hard lesson when it comes to using a strategy too soon.

Totals for the day
10k strategy: (0%) ($0)

No trades

QQQQ 5M: (+.65%) paper-traded
Short -.91%
Long +.47%
Long +.25%
Long -.63%
Short +.21%
Short +.36%
Short +.22%
Short -.43%
Long +.44%
Long +.32%
Short +.35%

Tuesday, December 2, 2008

Trades for 12-2-08

No trades today, but I avoided losses in CME and HAL. Getting sick of these no trade days, but I just need to last until January when I may have more strategies to use.

Totals for the day
10k strategy: (0%) ($0)

No trades

QQQQ 5M: (+.70%) paper-traded
Short -.92%
Long +.81%
Short -.14%
Long +.11%
Short -.43%
Long +.07%
Short +.54%
Short +.33%
Long +.33%

Monday, December 1, 2008

Trades for 12-1-08

No trades today. I avoided losses in RE, and BGC. I also missed my entry in UTHR, but it would have been trailing stopped out at breakeven anyways.

Totals for the day
10k strategy: (0%) ($0)

No trades

QQQQ 5M: (+.59%) paper-traded, MST=Mountain Standard Time (2 hours behind NYSE)
Short @ $27.93 8:06amMST, stopgain hit @ $27.81 8:32amMST +.36%
Long @ $27.90 8:46amMST, stopped out @ $27.82 8:50amMST -.36%
Short @ $27.80 8:51amMST, stopgain hit @ $27.71 8:56amMST +.25%
Long @ $27.72 9:21amMST, trailing stoploss hit @ $27.68 9:52amMST -.21%
Long @ $27.52 11:11amMST, stopgain hit @ $27.67 11:33amMST +.48%
Long @ $27.60 12pmMST, stopgain hit @ $27.64 12:46pmMST +.07%

Wednesday, November 26, 2008

Trades for 11-26-08, and weekly total


No trades this week


No trades today, missed a +2.12% gain in CME because I didn’t think it would go higher :(. I also avoided a loss in CPB, and my testing in QQQQ 5M went very good today. I don’t think I will trade on Friday, so have a good thanksgiving everyone!

Totals for the day

10k strategy: (0%) ($0)

No trades

QQQQ 5M: (+1.40%) paper-traded

Tuesday, November 25, 2008

Trades for 11-25-08

No trades today. I’m disappointed in the fact that because ameritrade’s command center froze up on me, I missed an entry in GG which would have been a +1.88%. But oh well, at least I avoided losses in HAL, and AET.

Totals for the day
10k strategy: (0%) ($0)

No trades

Sense the blog is looking a little boring lately I decided to start posting the charts for one of the QQQQ strategies I’ve been testing. The following chart is trading (paper) QQQQ on a 5 minute chart based on my intuition, and I call it "QQQQ 5M":


This is how the strategy has preformed over the past 8 days (per trade, including today):

Monday, November 24, 2008

Trades for 11-24-08

No trades today, but avoided losses in GPI and RRGB. RRGB was avoided because the risk was over 2%.

Totals for the day
10k strategy: (0%) ($0)

No trades

Sunday, November 23, 2008

1st ice-fishing trip of the season


Went ice-fishing yesterday! Was about 3miles through the snow most of it being knee deep. Managed to follow the summer trail most of the way, it wasn’t until we hit the last 1/2 mile that we ended up loosing the trail, but still managed to make it to the lake. Found lots of semi-old elk tracks on the way in, I figure they must have been in there about 1-2 weeks ago. Once we got there the ice was about 6 inches thick, and about 5 minutes after I drilled my hole I caught this:



After that we had a steddy flow of fish about every 5-15 minutes, but none of them bit :(. Fished until about 2:30pm then had to go because of the sun dropping behind the mountain making it cold has heck! On the way out I fell through the ice at the edge of the lake, but thankfully it was only about thigh deep there :).

Here are the rest of the photos we took:

Friday, November 21, 2008

Trades for 11-21-08, and weekly total

My weekly total (11-17-08 to 11-21-08) is (+.37%) or (+$100.96).


Today was finally a good day! Avoided a loss in CPB and I also avoided a loss in MINI, but MINI was only because it didn’t have the shares I wanted. GOOG was quite a relief! It was like taking a shower after a week in the woods. One thing I am happy with is the fact that I resisted the urge to force trades this week. The past 2 days were especially hard because all I did was stare at charts for 6-8hours a day.

I’m planning on going ice-fishing tomorrow, if I do I’ll post pics when I get back :).

Totals for the day
10k strategy: (+1.02%) (+$282.35)

GOOG – Short (+1.02%) (+$282.35) Took my profits because volume was still dropping, MFI was oversold, and the QQQQ looked like it was lacking conviction to the down side.

Thursday, November 20, 2008

Trades for 11-20-08

No trades today, but I avoided losses in VLO and MER.

Totals for the day
10k strategy: (0%) ($0)

No trades

Wednesday, November 19, 2008

Trades for 11-19-08

No trades today, but I avoided losses in KSS, NSC, and LRY. Today I decided to start recording what would happen when I took an avoided loss and traded it. For example, I recorded what would have happened if I longed NSC instead of shorting it and it would have been a +.59%. Once a have a good amount of trades recorded I will post a chart of them.

Totals for the day
10k strategy: (0%) ($0)

No trades

Tuesday, November 18, 2008

Trades for 11-18-08

Losses avoided:
CRS
V
Gains missed:
AVB (.40%)

Totals for the day
10k strategy: (-.65%) (-$181.39)

CAL – Long (-.12%) (-$33.16) Tried to cancel because I knew it was going to break downward, but 100 shares were executed right when I hit the cancel button


PNC – Short (-.53%) (-$148.23) Trailing stopped out, was a disappointment because he was such a good candidate

Monday, November 17, 2008

Trades for 11-17-08

No trades today, but I did manage to avoid losses in XOM, and UNH :).

Totals for the day
10k strategy: (0%) ($0)

No trades

Friday, November 14, 2008

Trades for 11-14-08, and weekly total

My total for the week (11-10-08 to 11-14-08) is (-1.06%) or (-$309.06)


Other than avoiding another loss in SU, I had only the 1 trade today.

Totals for the day
10k strategy: (-1.74%) (-$498.42)

UAUA – Long (-1.74%) (-$498.42)

Thursday, November 13, 2008

Trades for 11-13-08

Crazy day on the market today! Avoided a small loss in NSC (entry would have been at about 10:41amEST), and I also tried to short MWV @ about 10:45amEST but he moved to fast.

Totals for the day
10k strategy: (+.05%) (+$13.24)

UNH – Short (+.05%) (+$13.24) If I was going to get out because he was flat for too long I should have gotten out where noted. I decided to hold on because I knew we were in for a fall, but at the last second I decided to jump out :(.

Wednesday, November 12, 2008

Trades for 11-12-08

Tricky day today, I managed to avoid another loss in OXY @ about 12:21pmEST though :).

Totals for the day
10k strategy: (-.61%) (-$170.24)

HAIN – Short (-.61%) (-$170.24)

Tuesday, November 11, 2008

Trades for 11-11-08

No trades today, but I avoided losses in LMT, BMC, and BIDU :). I avoided LMT because I was cautious with it due to the fact that it’s notorious for not following my 10k strategy (i.e. faking you in then heading the other way like it did today). If you’d like to see for yourself, LMT was at 10:46pm US market time (EST) on a 5 minute chart.

I also made another post ("My trading rules") with my general rules in it. I added all of them, but if anymore come up I will add them and make a note in the post of the day.

Totals for the day
10k strategy: (0%) ($0)

No trades

My trading rules

My general rules that can apply to most strategies/systems in stock and currency trading:

  1. Always keep you're loosers smaller than you're gainers!
  2. Test and prove a strategy before trading it
  3. Do not be scared, nervous, or anxious, before, during, or even after a trade
  4. Do not force trades, if you need to trade something paper-trade a new strategy
  5. Always have a stop-loss
  6. Stick to your stop-loss
  7. Take screenshots of all your trades so you can look back at them for any bad/good habits to correct/note
  8. Keep emotion far away from your trading! (goes along with #3)

That’s it (for now) if I come up with anymore I will add them and note the change in my post of the day.


Here is a video made by ORION MACHINE that explains why some traders fail:

Monday, November 10, 2008

Trades for 11-10-08

Hope your weekend was good, mine was :P. I took a road trip down to the colorado sand dunes (if that’s what you want to call them lol) and then sat around all day Sunday :).

Totals for the day
10k strategy: (+1.24%) (+$346.36)

DIS – Short (+1.24%) (+$346.36)

Friday, November 7, 2008

Trades for 11-7-08, and weekly total

My total for the week (11-3-08 to 11-7-08) is (+2.81%) or (+$781.40)

I had no trades today (11-7-08), have a good weekend everybody!

Oh, and I went over to Dinosaur Trader's blog and the following video was so funny I had to post it on my blog also :).

Obama Win Causes Obsessive Supporters To Realize How Empty Their Lives Are

Thursday, November 6, 2008

Trades for 11-6-08

I’m happy with my trade today, I resisted the urge to stop myself out prematurely/be aggressive with my stop. Too bad I only got 500 out of 926 shares, but I can’t complain :).

Totals for the day
10k strategy: (+1.43%) (+$400.84)

CNW – Short (+1.43%) (+$400.84) Would have made 2.72%, but when I entered I only got 500 shares out of the 926 I wanted

Wednesday, November 5, 2008

Trades for 11-5-08

As far as my trading went, it was “ok” today. I say “ok” because I was too aggressive with my trailing stop on ADBE, therefore getting stopped out too early.

Totals for the day
10k strategy: (+.43%) (+$119.60)

BLK – Short (0%) (+$.60) Went flat for too long so I took the break even


ADBE – Short (+.43%) (+$119) I was too aggressive with my trailing stop

Tuesday, November 4, 2008

Trades for 11-4-08

No trades today, time to go vote :).

About today's market:
No this is not an "obama rally" as the news would like you to believe. It's because the market has calmed down in recent weeks, and the government is getting the ball rolling on the $700bil bailout program.

Monday, November 3, 2008

Trades for 11-3-08

For my summary of the day, GET OUT AND VOTE FOR MCCAIN!!! Hopefully we can keep the marxists out for 4 more years :).

Totals for the day
10k strategy: (+.95%) (+$260.96)

AZO – Short (+.09%) (+$23.84)


HOT – Short (+.86%) (+$237.12)

Friday, October 31, 2008

Trades for 10-31-08, and weekly total

My total for the week (10-27-08 to 10-31-08) is (+1.29%) or (+$342.79)


Today I had 1 trade, avoided some losses, and missed a gain because I couldn’t get the shares I needed. Over all it was a good day, stopped trading at about 1pmEST because everything was going flat like it’s been this whole week.

Totals for the day
10k strategy: (+.31%) (+$85.60)

NSM – Long (+.31%) (+$85.60) Took what I could, thinking it might head south. I was wrong but only missed out on an extra .50% because I would have stopped myself out @ $13.14 shortly thereafter.

Thursday, October 30, 2008

Trades for 10-30-08

Today was a 1 trade (flat) day, the market didn’t really throw anything my way. I also avoided a loss in CA (long) because I decided to wait for it to break resistance which didn’t happen and it went down.

Totals for the day
10k strategy: (+.01%) (+$2.88)

WLP – Short (+.01%) (+$2.88) Went flat for too long so I took the break even. I’m glad I did because I would have been stopped out at -.71%