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

Wednesday, August 16, 2006

Motorola's Birthday Present

Gross: +$1,337.37
Net: +$1,210.50
Loss From Top: $16.17
Trades: 81
Shares Traded: 117806

Stocks Traded Today (net profit/loss):
Motorola (MOT): +$608.63
Hewlett Packard (HPQ): +$227.05
Walmart (WMT): +$150.71
Advanced Micro Devices (AMD): +$93.54
Home Depot (HD): +$76.33
Ford (F): +$43.15
Bank of America (BAC): +$11.65
Corning (GLW): -$0.58

Sorry for the late posting, but today after work we went out to a fancy restaurant to celebrate my birthday today.

Ok. I'm now 28. I'm starting to feel a little old (and a bit closer to 30). Am I where I want to be? Not quite. But I am really trying. Maybe I should ask myself that next year when I'm 29. If I'm not where I SHOULD be, then maybe it might be time for a change. But I feel that a little progress is better than no progress and I will continue to put in 110% into this.

While updating this blog over the weekend, it occurred to me that I've been at this for about a year and a half and I've been full-time for 9 months. I had really expected to be much further along than I currently am, but I think I just need to push myself a little harder. Trading is obviously much harder than I had first anticipated.

I'll try. I'll really try hard and we'll see where we end up by the end of this year.

Anyways, enough of my ramblings...

Yesterday I said I was going to turn it up a notch, and today I did just that. I put on big positions at the right times and I really avoided overtrading. All this time, I think I was just afraid of losing money and reluctant to take some risk. Well, today I just figured I cannot go anywhere without taking any risks at all.

You can see by the number of trades I did today that I chose my trades wisely today which probably kept me out of trouble.

I caught a great trade on Motorola (MOT) late in the morning and I never looked back. Thanks for the birthday gift MOT. I felt so good about today and everything seemed to be going my way that I felt compelled to buy some lottery tickets today. We'll see if I win anything (though even if I win, I think I'd still come in to trade!).

One good trade versus no bad trades today.

Hrmmmm.....maybe I might still be able to salvage this month afterall. Let's see if I can do this again tomorrow shall we?

Good Trades
11:07AM - Motorola (MOT) and the Futures were moving up. There was some relatively big size on the ask (about 800) at $23.60 and when the Futures popped up and the level looked like it was going to break, I went long 10,000 shares. I rode it up and got out as follows: 3-cent winner (2000 shares), 5-cent winner (2000 shares), 6-cent winner (2000 shares), 7-cent winner (2000 shares), 9-cent winner (2000 shares) ($600 profit before fees ; In: 11:07:18AM ; Long 10,000 shares @ $23.60 ; Out: 11:09:31AM)

Bad Trades
None!

6 Comments:

  • Happy Birthday!

    Man, 27 was the hardest one for me--that's when 30 really appeared on my radar. I had like a mini mid-life crisis! I'm 29 now, and mostly numb to the approaching 30. I'd still stop it if I could, though...

    By Anonymous Richard, at August 17, 2006 5:21 a.m.  

  • Happy birthday

    By Blogger Michael, at August 17, 2006 6:55 a.m.  

  • Richard and Michael,

    Thanks for the birthday wishes. You know, everyday when I visit both of your respective websites, it just gives me more motivation to keep at it and that this thing IS possible.

    Thanks a bundle you guys - you both are an inspiration to all!

    JC

    By Blogger J.C., at August 17, 2006 7:22 a.m.  

  • Happy Belated Birthday!!

    By Anonymous Clark, at August 18, 2006 12:29 a.m.  

  • J.C., a little belated, but happy birthday! Hey, can you drop me an email? I'd like to do an interview with you. You can use this link.

    By Anonymous Dave, at August 18, 2006 12:44 p.m.  

  • Clark and Dave,

    Thanks for the belated birthday wishes!

    Here's to some happy trading to all!

    JC

    By Blogger J.C., at August 18, 2006 7:17 p.m.  

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