A Dull And Boring Day
Gross: +$584.00
Net: +$470.70
Loss From Top: $130.85
Trades: 44
Shares Traded: 100400
Stocks Traded Today (net profit/loss):
Citigroup (C): +$255.67
Motorola (MOT): +$103.38
JP Morgan (JPM): +$68.26
Coca-Cola (KO): +$53.75
Micron Tech (MU): +$47.46
Johnson & Johnson (JNJ): +$21.84
Walmart (WMT): -$79.69
What a dull and boring day it was today. For me, there was lack of opportunities and the overall markets hovered around the unchanged mark for the entire day.
Today I felt like my old self again by making around $400 within the first hour. But for the rest of the day, frustration set in as I waited and waited and waited for the markets to do something.
I took small profits here and there throughout the afternoon and I was up $600 by 3PM, but I think I got impatient and I tried to make things happen. Unfortunately that was a bad move because I ended up losing $130 on the last two trades of the day. I was just glad I limited my losses on those two trades and didn't lose a bundle on them.
Looks like I'm starting to get into a groove here and some consistency appears to be forming. My last 8 trading days have been positive. On two of the trading days, my net was less than $100 (however those two days we had system problems for most of the day), while the remaining days were all greater than $400.
Hope the markets move somewhere tomorrow!
Good Trades
9:54AM - Citigroup (C) and the Futures were up slightly. A level broke on Citi, so I got long 5000 shares. Got out as follows: 3-cent winner (1000 shares), 4-cent winner (2000 shares), 5-cent winner (1000 shares), 6-cent winner (900 shares), 11-cent winner (100 shares) ($225 profit before fees)
2:40PM - Motorola (MOT) was uptrending and the Futures were flat. Motorola broke a big resistance level, so I got long 5000 shares and got out as follows: 1-cent loser (300 shares), 1-cent winner (400 shares), 2-cent winner (2300 shares), 3-cent winner (2000 shares) ($107 profit before fees)
Bad Trades
None - however the last two trades should not have been put on. The Futures were directionless and I should have waited for a clear break in the Futures (which never came) before putting on any trade. On both trades, I lost less than $100.
Net: +$470.70
Loss From Top: $130.85
Trades: 44
Shares Traded: 100400
Stocks Traded Today (net profit/loss):
Citigroup (C): +$255.67
Motorola (MOT): +$103.38
JP Morgan (JPM): +$68.26
Coca-Cola (KO): +$53.75
Micron Tech (MU): +$47.46
Johnson & Johnson (JNJ): +$21.84
Walmart (WMT): -$79.69
What a dull and boring day it was today. For me, there was lack of opportunities and the overall markets hovered around the unchanged mark for the entire day.
Today I felt like my old self again by making around $400 within the first hour. But for the rest of the day, frustration set in as I waited and waited and waited for the markets to do something.
I took small profits here and there throughout the afternoon and I was up $600 by 3PM, but I think I got impatient and I tried to make things happen. Unfortunately that was a bad move because I ended up losing $130 on the last two trades of the day. I was just glad I limited my losses on those two trades and didn't lose a bundle on them.
Looks like I'm starting to get into a groove here and some consistency appears to be forming. My last 8 trading days have been positive. On two of the trading days, my net was less than $100 (however those two days we had system problems for most of the day), while the remaining days were all greater than $400.
Hope the markets move somewhere tomorrow!
Good Trades
9:54AM - Citigroup (C) and the Futures were up slightly. A level broke on Citi, so I got long 5000 shares. Got out as follows: 3-cent winner (1000 shares), 4-cent winner (2000 shares), 5-cent winner (1000 shares), 6-cent winner (900 shares), 11-cent winner (100 shares) ($225 profit before fees)
2:40PM - Motorola (MOT) was uptrending and the Futures were flat. Motorola broke a big resistance level, so I got long 5000 shares and got out as follows: 1-cent loser (300 shares), 1-cent winner (400 shares), 2-cent winner (2300 shares), 3-cent winner (2000 shares) ($107 profit before fees)
Bad Trades
None - however the last two trades should not have been put on. The Futures were directionless and I should have waited for a clear break in the Futures (which never came) before putting on any trade. On both trades, I lost less than $100.
posted by J.C. at
8:48 p.m.
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