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)