Thursday, November 08, 2007

Daily Summary

23200 shares
+105

My trading was bad in the morning. I was taking it slow and took a couple of small hits. Then I went on tilt for some reason. After three trades I was down over $500. It was bad because I took a 500 share market order in MDR and got filled near the top of the range. Then I sold for a loss and went short at the bottom of the range on 500 shares. I covered at the top of the range again. It is good that I came back, but today is definitely a good trading day. The dinosaur loves days like this and he should have raked it in.

3 comments:

Preston said...

dear badass, i stumbled upon your site a few days ago and have found myself keeping track of your success. i have a question, above your profit or loss figure for each day you have a certain amount of shares, is that how many shares of stock you own currently or sold during the course of that day?

Dinosaur Trader said...

OBAT,

Thanks for the shout. It was a good day no doubt, but could have been so much better.

Let's hope the volatility continues.

-DT

OBAT said...

Preston,

Those are the shares I traded during day. My daily number is my net after I deduct commissions.

About Me

I have been trading for 5 years. It took close to a year before I became profitable. I find that I am improving gradually each year. My method of choice is scalping. My edge lies in tape reading NYSE stocks and staying on the side of the specialist. That is the method I learned when I started. As I build up my capital I will try new styles and trade new markets. In late 2006 my trading hit a rough patch after the introduction of the NYSE Hybrid system. For most of 2007, I have been on a search for new strategies that would help me adapt to the market.