Lost another 100$ today. This confirms to me that the 700$ I made with DRYS was pure luck. It wasn’t because I was a smart trader. Anyway, Micheal aka Reaper is writing a series on ‘You Want to Be a Trader?’ and in his most recent post he talks about having a trading plan and [...]
Entries Tagged as 'General'
Feb 10th Update aka You need a trading plan
February 10th, 2009 · 3 Comments · General
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Feb 9th Update – Trading makes sure you stay Humble
February 9th, 2009 · 1 Comment · General
Well, after two GREEN days, finally a RED day for me. Lost total of 520$ today. Here’s what happened: 1. BAC – I entered in BAC few minutes after the market opened. BAC was fluctuating by 20 cents every passing minute, got scared. Did 3 trades and lost 80$ in total. I think I handled [...]
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Feb 6th Update aka Shorting and Market Rally don’t mix
February 7th, 2009 · 2 Comments · General
Market was ripping today surging higher as if there is no tomorrow. I was up by almost 1000$ for the day, turned it into 245$ profit. What’s the lesson? Don’t try to short stocks when market is up by 200 points. I will put up more details with chart as soon as I can log [...]
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Feb 5th Update aka Scalping Day
February 6th, 2009 · 10 Comments · General
No, I didn’t disappear after my last post. Once again, I had few personal things to sort out and I couldn’t trade. Additionally, I transferred money in IB to go past the 25,000$ mark and it was kept on a 4 day hold. [Can someone at IB explain to me why do you to keep [...]
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Jan 29th Update – Another Small Winner
January 30th, 2009 · 4 Comments · General
I don’t know who reads my blog these days but if you do read, you may have noticed I did not put up a watch list before the trading session. As I wrote yesterday, Muddy thinks that pre market gainers/losers are the best stocks for that particular day and beats the pants off any other [...]