Trading Blind
Gross: +$264.64
Net: +$171.55
Loss From Top: 60.33
Trades: 51
Shares Traded: 95120
Stocks Traded Today (net profit/loss):
Sprint-Nextel (S): +$122.73
JP Morgan (JPM): +$63.29
Hewlett Packard (HPQ): +$50.14
Merck (MRK): +$34.46
EMC Corp (EMC): +$29.80
Disney (DIS): +$1.54
Tyco (TYC): -$18.70
Pfizer (PFE): -$51.39
Corning (GLW): -$60.33
Today the system that provides charting was down and unfortunately I had to go through the day without charts. The only thing I had available were the charts for the S&P Futures. So today I traded blindly.
But I used my instincts and what I saw on the Level2 to get through the day. The totals are somewhat disappointing, but considering the circumstances, I think I did alright.
You will notice that I traded Sprint-Nextel (S) today. I never really traded Sprint-Nextel before, but I must say this: I think I've found my new favorite stock! It has good levels that allow one to put on trades with 5000 or 6000 (perhaps more) shares at a time and when levels break, they are fairly clean. It also follows the Futures rather nicely.
From this point on, I am going to re-define what a good trade and a bad trade is (for this blog). Anything that makes $200 or more on a trade will be considered a good trade. Anything that is a $100 loser or more will be considered a bad trade. Since I am now starting to trade larger sizes, these kinds of trades should come more easily.
That being said, today there were no good trades nor any bad trades to tell you about. Another fairly choppy day today and no real good trends to trade with. We were caught in a narrow trading range today and I felt it was quite boring.
Finally, I'd like to mention that from now on, I may or may not post in the evening about what I'll be watching the next day. If I do not provide a post for what's on tap for the next day, you can assume that I didn't find anything of interest or that I'm still watching those stocks that I have mentioned in previous posts. I hope you all understand....
Net: +$171.55
Loss From Top: 60.33
Trades: 51
Shares Traded: 95120
Stocks Traded Today (net profit/loss):
Sprint-Nextel (S): +$122.73
JP Morgan (JPM): +$63.29
Hewlett Packard (HPQ): +$50.14
Merck (MRK): +$34.46
EMC Corp (EMC): +$29.80
Disney (DIS): +$1.54
Tyco (TYC): -$18.70
Pfizer (PFE): -$51.39
Corning (GLW): -$60.33
Today the system that provides charting was down and unfortunately I had to go through the day without charts. The only thing I had available were the charts for the S&P Futures. So today I traded blindly.
But I used my instincts and what I saw on the Level2 to get through the day. The totals are somewhat disappointing, but considering the circumstances, I think I did alright.
You will notice that I traded Sprint-Nextel (S) today. I never really traded Sprint-Nextel before, but I must say this: I think I've found my new favorite stock! It has good levels that allow one to put on trades with 5000 or 6000 (perhaps more) shares at a time and when levels break, they are fairly clean. It also follows the Futures rather nicely.
From this point on, I am going to re-define what a good trade and a bad trade is (for this blog). Anything that makes $200 or more on a trade will be considered a good trade. Anything that is a $100 loser or more will be considered a bad trade. Since I am now starting to trade larger sizes, these kinds of trades should come more easily.
That being said, today there were no good trades nor any bad trades to tell you about. Another fairly choppy day today and no real good trends to trade with. We were caught in a narrow trading range today and I felt it was quite boring.
Finally, I'd like to mention that from now on, I may or may not post in the evening about what I'll be watching the next day. If I do not provide a post for what's on tap for the next day, you can assume that I didn't find anything of interest or that I'm still watching those stocks that I have mentioned in previous posts. I hope you all understand....
posted by J.C. at
5:04 p.m.
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