Wednesday, June 4, 2008

Trades for 6-3-08 AND 6-4-08

Yesterday (6-3-08) I didn’t have any trades. I’ve been noticing that I’ve been on a flat/loosing streak from Thursday (5-29-08) till yesterday (6-3-08). After a very long discussion with my dad we found a few flaws in my trading. So, today I decided to paper trade to make sure I had everything fixed.

I wish I traded for real, because I would have made 1.42%, or $416.93 today (6-4-08)! Total trades were 7, of which 2 were losses, 5 gains with 2 longs and 5 shorts. Trades are as follows:

AMR – Long (+.97%) (+$273.36): Was looking for $7.73, and as you can see I would have got it had I held on


TSO – Short (+.40%) (+$114.16):


CNX – Long (-.48%) (-$132.40): Was looking for a quick hitter, but stock looked like it was done going up


TIBX – Short (-.63%) (-$175.16): I should not have traded this one. I had nothing to back up my prediction.


MAR – Short (+.39%) (+$111.25):


SUN – Short (+.36%) (+$103):


MAR – Short (+.41%) (+$122.72):

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