An NYSE Scalper's Tale - A Trader's Diary

Thursday, June 22, 2006

Bleh!

Gross: +$348.72
Net: +$285.78
Loss From Top: $79.77
Trades: 54
Shares Traded: 57552

Stocks Traded Today (net profit/loss):
Corning (GLW): +$352.28
Micron Tech (MU): +$72.58
Hewlett Packard (HPQ): +$29.11
Exxon Mobile (XOM): +$9.27
Citigroup (C): +$0.42
Home Depot (HD): -$7.02
Bank of America (BAC): -$80.60
Walmart (WMT): -$90.25

Well, what can I say? I came in late into the office, never had a good feel for the markets, and never really got into a groove today.

To tell you the truth, I've felt this way the last 3 trading days or so. Everytime I got into the office, I just felt like going back home to get more sleep. What could it be? Maybe it's getting a bit warmer (and I'm getting into the office a bit more tired) or maybe it's my allergies acting up. Could be haven't been sleeping as much as I should. Who knows. I just know that I need to get back into a groove and fast!

I felt as though there were hardly any opportunities to trade today. You can tell from the number of trades today that I was really bored to death. I was so bored, I started dabbling around with Exxon Mobile (XOM) (which is a fairly volatile stock).

It felt like the markets weren't doing anything at all today. At one point, I felt like I might as well go home since nothing at all was happening.

No really bad trades today and I only managed to catch one good trade on Corning (GLW).

Tonight I'll try to get some good sleep and hopefully I can tackle tomorrow with more energy.

Good Trades
10:07AM - Corning (GLW) and the Futures were downtrending. Corning broke a support level, so I went short 4000 shares. The Futures tanked, so I tried to hold most of my position as long as I could. I got out as follows: 1-cent winner (1000 shares), 4-cent winner (1000 shares), 11-cent winner (1000 shares), 12-cent winner (1000 shares) ($280 winner before fees)

Bad Trades
None, though there were a few near-$100 losers

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