Can't Take It Anymore

Gross: -$20.23
Net: -$244.55
Loss From Top: $419.41
Trades: 129
Shares Traded: 194464

Stocks Traded Today (net profit/loss):
Corning (GLW): +$266.96
Advanced Micro Devices (AMD): +$19.57
Citigroup (C): +$14.71
Motorola (MOT): -$4.78
Exxon Mobile (XOM): -$10.88
Hewlett Packard (HPQ): -$36.86
Walmart (WMT): -$70.87
Bank of America (BAC): -$88.32
General Electric (GE): -$104.19
Ford (F): -$229.83

Okay...I've had 3 negative days out of 4 so far this week. I can't remember the last time I had 3 losing days during a single week (have I even had one?). Considering I usually average around 3 losing days for the entire month, this feels sooo bad.

Even on the day I was up (yesterday), I still felt very frustrated with the way things were going...and today that was all I felt the entire day...just frustrated.

It seems this whole week that stocks were just so resistant to move in any direction and when I'd get into a position, there weren't enough buyers or sellers to really move anything.

I think I might take Trader Mike's, Kirk from the Kirk Report, and Jeff from TradingVision's example and just call it a week and take tomorrow off. There's no sense in taking in another frustrating day and get all worked up for nothing.

When I kept hearing about the last two weeks of August being really slow and is usually the peak of the summer doldrums, I hadn't really a clue what they were talking about. Well, that has now changed and I can definitely feel the difference when a lot of the big boys are not around to trade.

In the morning, I was up, then down, then up again and I mainly hovered around break even. I tried to be very careful not to overtrade and I was making sure I wasn't overdoing it in terms of share size especially in this kind of trading environment. When lunch rolled around, I had hardly traded at all!

But then just after lunch, I goofed up, lost $200 on a trade and I couldn't dig myself out of that little hole. I then started throwing trades left, right, and center.

Every time it looked like I was going to get back into positive territory, a few losing trades would put me right back where I started. This went on several times in the afternoon until I just packed up and stormed off the trading floor early because, quite simply, I couldn't take it anymore.

I know some of you reading out there might think that I'm getting upset over nothing for losing such small amounts of money (some might even think the amounts I lost was chump change), but hey, that's just me. I expect much more out of myself and I'm just kind of upset with the way I handled it by getting a little too emotionally involved.

I'll probably just spend tomorrow reading all of those trading articles I have listed on my sidebar (again) just to give me a little boost and maybe add a few more additions to the blog.

Anyways, I really need to unwind especially with the way this week has turned out. Let's see if I can resist the temptation to go in to trade tomorrow...

Good Trades
None...things just didn't seem to move enough to make any good trades

Bad Trades
1:09PM - Ford (F) was downtrending while the Futures were jiggling around. I went long 10,000 shares to try to catch a bounce, but I saw all the support for my trade suddenly disappear and huge sizes started showing up on the offer. Spooked me out of the trade and got out for a 2-cent loser. Again, I trusted what I saw on the Level 2 and shortly afterwards, Ford went up ($200 loser before fees ; In: 1:09:31 ; Long 10,000 shares @ $7.82 ; Out: 1:09:47)

• Well, this trade basically screwed up my day and I wasn't able to recover from this loss
• I guess I shouldn't have gone long considering it was downtrending...might have been because I was bored I guess