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

Wednesday, June 28, 2006

Not Much Happening Today...

Gross: +$645.97
Net: +$531.37
Loss From Top: $17.40
Trades: 56
Shares Traded: 116800

Stocks Traded Today (net profit/loss):
Walmart (WMT): +$518.79
Bank of America (BAC): +$56.23
Exxon Mobile (XOM): +$28.88
Johnson & Johnson (JNJ): +$25.44
Home Depot (HD): +$19.10
JP Morgan (JPM): +$17.56
Pfizer (PFE): +$5.97
Hewlett Packard (HPQ): -$52.14
General Electric (GE): -$88.49

I'll keep this post short and sweet.

Nothing special really today. Not much movement overall in the markets today, so today I picked my battles wisely and managed not to get into too much trouble.

There was a nice little rally at around 2PM, unfortunately I didn't catch any of it...I was watching for level breaks on both General Electric (GE) at $33.00 and Pfizer (PFE) at $23.00. Both were close, but never broke, and I was stuck missing the entire rally just waiting for either of these levels to break.

I managed to catch a good move on Walmart (WMT) in the morning, but I found myself waiting for the rest of the day for something to happen (and nothing did).

One good trade versus no bad complaints here.

Tomorrow I'm going to wait for the fireworks as the Fed will announce whether they'll raise rates or not.

Good Trades
10:42AM - Walmart (WMT) was downtrending as were the Futures. A level broke on Walmart (WMT) and the Futures started tanking. I got short 6000 shares when the level broke and I was really really really patient with my position. I got out as follows: 4-cent winner (1000 shares), 5-cent winner (600 shares), 6-cent winner (1400 shares), 9-cent winner (2000 shares), 10-cent winner (1000 shares) ($434 profit before fees)

Bad Trades


Post a Comment

<< Home