Showing posts with label journal. Show all posts
Showing posts with label journal. Show all posts
Monday, August 24, 2009
Moving to a new place
I am getting ready to move to a new home. I need to get settled down before I can trade again. I got to get a new computer, set up an internet connection and all these other stuff. I should be posting again in 2-3 weeks. Good trading everyone!
Friday, August 21, 2009
Thursday, August 20, 2009
Daily Summary
10800 shares
-105
I was doing ok early on with a $100 in profits and another $100 in unrealized profits. At around 9:55 I went into DKS near the highs and lost $100. I thought the stock was going to break out. The stock fails and promptly reverses. I had 200 shares of HAR at 28.49 and was going to let it run. Stock goes up to 29.12 and spikes down 60 cents. I punch out and all my profits for the day were gone. I traded some more and ended up losing $100.
-105
I was doing ok early on with a $100 in profits and another $100 in unrealized profits. At around 9:55 I went into DKS near the highs and lost $100. I thought the stock was going to break out. The stock fails and promptly reverses. I had 200 shares of HAR at 28.49 and was going to let it run. Stock goes up to 29.12 and spikes down 60 cents. I punch out and all my profits for the day were gone. I traded some more and ended up losing $100.
Wednesday, August 19, 2009
Tuesday, August 18, 2009
Monday, August 17, 2009
Friday, August 14, 2009
My trading evolution
I know I haven't posted any details about my trading lately so I'm going to spill some details now. I took a break from the end of May till mid July. I tend to do better after taking a vacation. When I started trading again I figured I would listen to my intuition. These days when I get into a trade and something feels wrong, I would get out. When I don't see any setups and my mind is telling me to sit it out I'll stop trading. Well sometimes I don't always listen to myself hence my above average lost the other day. I have 8 years of screen time, so I really got to trust myself more.
The good trade should work right away
My trading is not totally intuitive. I still use technical analysis like support/resistance, trendlines, chart patterns, and time/sales. Technical analysis does not always work. I think rely on my gut feelings more now when I see a setup. There is one stock market saying that I believe in now, "Goods trade usually work right away". If I get into a breakout trade or if I buy at a support level and the stock does not move in my favor right away something is up. I will scratch the trade with a small loss. If your analysis is correct then you will have another opportunity to get to stock at better prices. I use other support factors to make my decision. Some things I look at include - how the tape is trading, the stocks relative strength/weakness, and how the broad market is trading(breakout day, inside day, down day). But since there are some many things I tend to do it subconciously because it's hard to take all these things and analyze them when I am in the heat of trading. That is why I choose to trust my intuition.
I am still a scalper
I tried adopting the dummy style used by many acclaimed trading bloggers, such as Trader X, King Jamie, Maoxian, The Addict, Anarco, OONR7, Trader Mike. I have had some success but I did not like my consistency. I am also not comfortable with having wider stop losses. I think the major thing that affected my consistency is my lack of experience. I did not know how to separate good dummy setups from mediocre ones.
I also had the honor to be a part of Dinosaur Trader's little rag tag Virtual Office. We did a little private chat room for a few weeks. I had a chance to observe how Miss Trade, Dinosaur Trader, and Evolution trade. Everyone had their own style and they made it work. I am on a journey to find my own trading style and I think I am going on this path until I retire from the markets.
The good trade should work right away
My trading is not totally intuitive. I still use technical analysis like support/resistance, trendlines, chart patterns, and time/sales. Technical analysis does not always work. I think rely on my gut feelings more now when I see a setup. There is one stock market saying that I believe in now, "Goods trade usually work right away". If I get into a breakout trade or if I buy at a support level and the stock does not move in my favor right away something is up. I will scratch the trade with a small loss. If your analysis is correct then you will have another opportunity to get to stock at better prices. I use other support factors to make my decision. Some things I look at include - how the tape is trading, the stocks relative strength/weakness, and how the broad market is trading(breakout day, inside day, down day). But since there are some many things I tend to do it subconciously because it's hard to take all these things and analyze them when I am in the heat of trading. That is why I choose to trust my intuition.
I am still a scalper
I tried adopting the dummy style used by many acclaimed trading bloggers, such as Trader X, King Jamie, Maoxian, The Addict, Anarco, OONR7, Trader Mike. I have had some success but I did not like my consistency. I am also not comfortable with having wider stop losses. I think the major thing that affected my consistency is my lack of experience. I did not know how to separate good dummy setups from mediocre ones.
I also had the honor to be a part of Dinosaur Trader's little rag tag Virtual Office. We did a little private chat room for a few weeks. I had a chance to observe how Miss Trade, Dinosaur Trader, and Evolution trade. Everyone had their own style and they made it work. I am on a journey to find my own trading style and I think I am going on this path until I retire from the markets.
Thursday, August 13, 2009
Wednesday, August 12, 2009
Daily Summary
16800 shares
-260
I tried to keep my green streak alive but ended losing. There was an inner voice telling me to stop when I was down around $50. I got to listen next time.
-260
I tried to keep my green streak alive but ended losing. There was an inner voice telling me to stop when I was down around $50. I got to listen next time.
Tuesday, August 11, 2009
Monday, August 10, 2009
Friday, August 07, 2009
Thursday, August 06, 2009
Wednesday, August 05, 2009
Tuesday, August 04, 2009
Monday, August 03, 2009
Friday, July 31, 2009
Thursday, July 30, 2009
Daily Summary
17000 shares
+400
I am happy with my gains but there were two trades which I could have done much better. After I got stopped out they ran over $1. I am posting the chart so I can remind myself next time I encounter similar trades.
+400
I am happy with my gains but there were two trades which I could have done much better. After I got stopped out they ran over $1. I am posting the chart so I can remind myself next time I encounter similar trades.
Wednesday, July 29, 2009
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