I Hate Missing The Morning Action
Gross: +$413.58
Net: +$220.46
Loss From Top: $89.45
Trades: 131
Shares Traded: 169200
Stocks Traded Today (net profit/loss):
Advanced Micro Devices (AMD): +$400.61
AT&T (T): +$40.87
Walmart (WMT): +$40.60
Citigroup (C): +$15.97
Hewlett Packard (HPQ): -$15.46
Exxon Mobile (XOM): -$22.23
Home Depot (HD): -$53.46
Ford (F): -$59.30
Motorola (MOT): -$128.12
This morning when all the traders came in the office, we were told the system was down. After a nice long weekend for me, I was itching to go at it and I had a somewhat sleepless night last night because I kept thinking about trading (don't know if that's a good thing). But when we were told not to trade because the system was down, it just burst my bubble.
So all morning us traders just hung around and exchanged war stories and the sense I got from the other traders was that it has been rough on everyone lately. I just feel somewhat relieved that a lot of other traders out there are also going through hard times and that the problems are not just isolated to me.
And from the stories told, I'm kind of glad I took Friday off. It seemed like quite a few people had a rough day.
So we waited and waited until just before lunch, they said they had all systems back up and running.
For the rest of the afternoon, I got a sense that the day's moves were probably over and that we'd just bounce around in a trading range for the rest of the afternoon. As a result, I just mainly took quick scalps here and there and I was in and out fast.
Since we only got to trade half a day, I was quite surprised with the number of trades I did today. About a third of my trades were on AMD. I had a fun time scalping this stock all day long.
Anyways, there isn't much else to tell you about today...until tomorrow then...
Good Trades
1:01PM - Advanced Micro Devices (AMD) was downtrending pretty hard while the Futures looked like they were curving downwards. AMD reached the $24.00 level that had some support on the bid (about 800 size on the bid). When it started breaking, I went short 4000 shares. I got out as follows: 4-cent winner (1000 shares), 6-cent winner (2000 shares), 7-cent winner (1000 shares) ($230 profit before fees; In: 1:01:38PM ; Short 4000 shares @ $24.00 ; Out: 1:03:13PM)
Bad Trades
None.
Net: +$220.46
Loss From Top: $89.45
Trades: 131
Shares Traded: 169200
Stocks Traded Today (net profit/loss):
Advanced Micro Devices (AMD): +$400.61
AT&T (T): +$40.87
Walmart (WMT): +$40.60
Citigroup (C): +$15.97
Hewlett Packard (HPQ): -$15.46
Exxon Mobile (XOM): -$22.23
Home Depot (HD): -$53.46
Ford (F): -$59.30
Motorola (MOT): -$128.12
This morning when all the traders came in the office, we were told the system was down. After a nice long weekend for me, I was itching to go at it and I had a somewhat sleepless night last night because I kept thinking about trading (don't know if that's a good thing). But when we were told not to trade because the system was down, it just burst my bubble.
So all morning us traders just hung around and exchanged war stories and the sense I got from the other traders was that it has been rough on everyone lately. I just feel somewhat relieved that a lot of other traders out there are also going through hard times and that the problems are not just isolated to me.
And from the stories told, I'm kind of glad I took Friday off. It seemed like quite a few people had a rough day.
So we waited and waited until just before lunch, they said they had all systems back up and running.
For the rest of the afternoon, I got a sense that the day's moves were probably over and that we'd just bounce around in a trading range for the rest of the afternoon. As a result, I just mainly took quick scalps here and there and I was in and out fast.
Since we only got to trade half a day, I was quite surprised with the number of trades I did today. About a third of my trades were on AMD. I had a fun time scalping this stock all day long.
Anyways, there isn't much else to tell you about today...until tomorrow then...
Good Trades
1:01PM - Advanced Micro Devices (AMD) was downtrending pretty hard while the Futures looked like they were curving downwards. AMD reached the $24.00 level that had some support on the bid (about 800 size on the bid). When it started breaking, I went short 4000 shares. I got out as follows: 4-cent winner (1000 shares), 6-cent winner (2000 shares), 7-cent winner (1000 shares) ($230 profit before fees; In: 1:01:38PM ; Short 4000 shares @ $24.00 ; Out: 1:03:13PM)
Bad Trades
None.
posted by J.C. at
5:01 p.m.
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