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

Friday, September 29, 2006

Spent The Day Just Paying Fees

Gross: +$37.50
Net: -$59.13
Loss From Top: $123.15
Trades: 73
Shares Traded: 86200

Stocks Traded Today (net profit/loss):
Hewlett Packard (HPQ): +$137.46
AT&T (T): +$68.23
Pfizer (PFE): +$21.37
Home Depot (HD): +$15.47
Corning (GLW): +$7.88
Advanced Micro Devices (AMD): +$7.10
Exxon Mobil (XOM): -$47.70
EMC Corp (EMC): -$130.21
Walmart (WMT): -$138.36

Uhhgg! I was really hoping to end September with a bang and at least try to have one excellent day this month, but all we were given were some very directionless markets today.

I've really got to find better ways to kill time during the day. I went out and enjoyed the weather for almost 2 hours today but I still spent lots of time just trying to sit and be patient, and yet there were literally no opportunities to be had today.

When everything was said and done, I just ended up just paying for the fees for my trades today.

It was also another day in which there were still system glitches (stickies, frozen charts) and I was kind of glad that they appeared (yet again) because it forced me to stop "attempting" to trade.

I really hope that next month most of these problems will be fixed. For the entire month we had to put up with stickies, frozen quotes, and charting problems. And for the last two weeks of September there hasn't been a single day in which we did not encounter these problems.

It could be that they are preparing the system for the Hybrid system (I cannot believe it's almost here!), or it could be server upgrades, I just don't know - but I can tell you that frustrations on the trading floor are getting pretty high - mainly because the markets haven't been the greatest for trading lately - but the system issues just aggrevate everyone even more and I can tell you the verbal outbursts and the pounding of desks from the other traders have been getting louder and louder since these system problems started appearing.

But I'm not complaining :) Believe me, I would love nothing more than to blame the system for my problems I had this month, but I admit that this month has been very challenging indeed and a real test of patience.

I just can't wait for next week and the start of October - many out there believe there should be a definitive move one way or the other next week and I for one, really hope it does.

No good trades nor any bad trades.

Tomorrow or on Sunday I'll post up my monthly summary.

Good Trades

Bad Trades


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