Flatline Monday

Gross: +$168.35
Net: +$76.32
Loss From Top: 38.14
Trades: 45
Shares Traded: 83670

Stocks Traded Today (net profit/loss):
Walmart (WMT): +$210.97
Sprint-Nextel (S): +$3.38
Bell South (BLS): -$13.08
Pfizer (PFE): -$15.00
Johnson & Johnson (JNJ): -$15.60
Hewlett Packard (HPQ): -$22.83
Micron Tech (MU): -$71.50

Yet another choppy day without any real direction. Everything I was getting into chopped back and forth and shook me out of many of my positions. The only thing I was able to see was the strength in Walmart (WMT). Other than that, the other stocks I was watching gained (or lost) very little ground today.

The market in general was extremely choppy and was stuck in a fairly tight range and as a result, I did not see many opportunities today. Nonetheless, I probably overtraded today (and probably lost more money than I should have).

Today was the second day Walmart (WMT) moved up strongly on good volume. I'm going to keep WMT on my trading radar tomorrow. I caught a couple of good swings in WMT but nothing too spectacular - I probably got out of WMT a little to early on several of my trades because the market chop kept scaring me out of my position.

Again, another day without any good or any really bad trades. I've noticed that we are encountering more and more tight ranged choppy days. I'll probably have to adjust and trade slightly differently under these kinds of circumstances.

Other than that, I was almost bored to death waiting for things to happen. I had to hold back several times from trading as there were plenty of fake-outs. Let's hope the market starts moving tomorrow...