Feels Sooo Good To Be Back!
Gross: +$1,073.00
Net: +$924.11
Loss From Top: 0
Trades: 73
Shares Traded: 150200
Stocks Traded Today (net profit/loss):
Hewlett Packard (HPQ): +$408.33
Citigroup (C): +$381.48
Micron Tech (MU): +$158.61
JP Morgan (JPM): +$124.55
Walmart (WMT): +$25.44
Corning (GLW): -$60.21
Home Depot (HD): -$114.10
After missing two trading days and a long weekend, I came back from my vacation wanting...no, needing to trade!
The markets were up big today. For most of the day, the overall market uptrended nicely (though some of the stocks I was watching were not uptrending as nicely). When the FOMC meeting minutes came out at 2PM, the markets went crazy (though I couldn't find anything to get long on when the markets popped up)! We ended up closing near the highs of the day.
Right from the get-go, I overtraded (I guess it was to fulfill my need to trade) and unlike the last couple of trading days, the first hour was not so profitable for me. By 11AM, I was up only $74!
At that point, I took a deep breath, organized my thinking, then made a bundle of money for the rest of the day. Today I also felt fairly comfortable trading with 5000 and 6000 shares at a time. It also helped that the market was uptrending all day.
I put on a couple of bad trades on Home Depot (HD), but I kept each of my losing trades to a minimum. I also kept my losses to a minimum on Corning (GLW), Walmart (WMT) and Micron Tech (MU). As a result, there are no bad trades for me to report today!
There were, however, a ton of good trades today. Below I will describe them very briefly and I'll skip some to try to keep this post short.
I almost cracked $1000+ net today, but if it weren't for some sloppy trades in the morning, I would have easily surpassed $1000. Also, had I not overtraded, I might have been up $300+ within the first hour of trading.
Oh well - there's always tomorrow.
Good Trades
9:51AM - Micron Tech (MU) and the Futures were uptrending. The Futures ripped up. I got long 5000 shares and got out as follows: 4-cent winner (2000 shares), 5-cent winner (2900 shares), 7-cent winner (100 shares) ($232 profit before fees)
11:16AM - Hewlett Packard (HPQ) and the Futures were uptrending. Futures popped upwards so I got long 5000 shares. Got out as follows: 2-cent winner (1000 shares), 3-cent winner (3000 shares), 4-cent winner (1000 shares) ($150 profit before fees)
11:38AM - Citigroup (C) and Futures were uptrending. Citigroup (C) broke a level of resistance so I got long 5000 shares when it broke. Got out as follows: 3-cent winner (2000 shares), 5-cent winner (3000 shares) ($210 profit before fees)
11:50AM - JP Morgan (JPM) and Futures were uptrending. Futures ripped up. Got long 5000 shares. Got out as follows: 2-cent winner (2000 shares), 4-cent winner (3000 shares) ($140 profit before fees)
2:17PM - Citigroup (C) and Futures were up. Futures ripped up. Got long 5000 shares and took profit as follows: 1-cent winner (400 shares), 2-cent winner (1600 shares), 5-cent winner (2000 shares), 6-cent winner (1000 shares) ($196 profit before fees)
3:34PM - Hewlett Packard (HPQ) and Futures were up. Got long 5000 shares. Got out as follows: 3-cent winner (4000 shares), 4-cent winner (1000 shares) ($160 profit before fees)
Bad Trades
None!
Net: +$924.11
Loss From Top: 0
Trades: 73
Shares Traded: 150200
Stocks Traded Today (net profit/loss):
Hewlett Packard (HPQ): +$408.33
Citigroup (C): +$381.48
Micron Tech (MU): +$158.61
JP Morgan (JPM): +$124.55
Walmart (WMT): +$25.44
Corning (GLW): -$60.21
Home Depot (HD): -$114.10
After missing two trading days and a long weekend, I came back from my vacation wanting...no, needing to trade!
The markets were up big today. For most of the day, the overall market uptrended nicely (though some of the stocks I was watching were not uptrending as nicely). When the FOMC meeting minutes came out at 2PM, the markets went crazy (though I couldn't find anything to get long on when the markets popped up)! We ended up closing near the highs of the day.
Right from the get-go, I overtraded (I guess it was to fulfill my need to trade) and unlike the last couple of trading days, the first hour was not so profitable for me. By 11AM, I was up only $74!
At that point, I took a deep breath, organized my thinking, then made a bundle of money for the rest of the day. Today I also felt fairly comfortable trading with 5000 and 6000 shares at a time. It also helped that the market was uptrending all day.
I put on a couple of bad trades on Home Depot (HD), but I kept each of my losing trades to a minimum. I also kept my losses to a minimum on Corning (GLW), Walmart (WMT) and Micron Tech (MU). As a result, there are no bad trades for me to report today!
There were, however, a ton of good trades today. Below I will describe them very briefly and I'll skip some to try to keep this post short.
I almost cracked $1000+ net today, but if it weren't for some sloppy trades in the morning, I would have easily surpassed $1000. Also, had I not overtraded, I might have been up $300+ within the first hour of trading.
Oh well - there's always tomorrow.
Good Trades
9:51AM - Micron Tech (MU) and the Futures were uptrending. The Futures ripped up. I got long 5000 shares and got out as follows: 4-cent winner (2000 shares), 5-cent winner (2900 shares), 7-cent winner (100 shares) ($232 profit before fees)
11:16AM - Hewlett Packard (HPQ) and the Futures were uptrending. Futures popped upwards so I got long 5000 shares. Got out as follows: 2-cent winner (1000 shares), 3-cent winner (3000 shares), 4-cent winner (1000 shares) ($150 profit before fees)
11:38AM - Citigroup (C) and Futures were uptrending. Citigroup (C) broke a level of resistance so I got long 5000 shares when it broke. Got out as follows: 3-cent winner (2000 shares), 5-cent winner (3000 shares) ($210 profit before fees)
11:50AM - JP Morgan (JPM) and Futures were uptrending. Futures ripped up. Got long 5000 shares. Got out as follows: 2-cent winner (2000 shares), 4-cent winner (3000 shares) ($140 profit before fees)
2:17PM - Citigroup (C) and Futures were up. Futures ripped up. Got long 5000 shares and took profit as follows: 1-cent winner (400 shares), 2-cent winner (1600 shares), 5-cent winner (2000 shares), 6-cent winner (1000 shares) ($196 profit before fees)
3:34PM - Hewlett Packard (HPQ) and Futures were up. Got long 5000 shares. Got out as follows: 3-cent winner (4000 shares), 4-cent winner (1000 shares) ($160 profit before fees)
Bad Trades
None!
posted by J.C. at
5:34 p.m.
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