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

Tuesday, October 17, 2006

Wet, Tired, And Cold

Gross: +$301.58
Net: +$100.02
Loss From Top: 0
Trades: 131
Shares Traded: 181000

Stocks Traded Today (net profit/loss):
Advanced Micro Devices (AMD): +$200.69
Walmart (WMT): +$66.67
General Electric (GE): +$58.46
Hewlett Packard (HPQ): +$31.05
Exxon Mobil (XOM): +$6.51
Motorola (MOT): -$14.87
AT&T (T): -$23.52
EMC Corp (EMC): -$91.68
Home Depot (HD): -$133.30

I'll keep this post short as I need to tend to a few things tonight.

This morning I got off to a terrible start and I started the day with a string of losing trades. These losing trades were not big hits, but nonetheless added up and by 10:30AM, I was down close to $400.

I don't know why I kept trying to trade EMC Corp (EMC) during this first hour. This stock was flatlining for the first hour so I don't know why I even tried to trade it. I must admit I came into the office a little late, dead tired, and soaking wet from all the rain out there. But still, that's no excuse to try to trade something like EMC when it's moving sideways.

By the time I realized what I was doing with EMC, I had lost $200 on EMC alone!

I went to get some coffee, woke myself up, and basically had to really work all day to get back into the green. And that was the problem today - it really felt like work. I guess when you are winning, it's all fun and games, but when you're losing and you need to get back into the green, it feels a lot like work.

In all honesty, I really felt like going home as soon as I came into the office this morning. All that walking in the rain and the cars splashing you with rainwater and lack of sleep (I stayed up to watch an AWESOME Chicago Bears vs. Arizona Cardinals game!) and the rather cold temperatures and having a bit of the chills will have that effect.

I ended up staying the whole day just chipping away at my loss until I finally got back into positive territory.

Lately I've been harping on the fact that I have trouble in the afternoons. But it also appears (to me anyway) that it depends on my situation - if I'm up in the morning, then I'll lose money in the afternoon (possibly because I take more risks to try to make more money??), but if I'm negative in the mornings, then I'll make money in the afternoon (possibly because I'm more acutely aware of my situation and I try harder to ensure the next trade isn't a loser??).

I don't know...I'll sit down and try to figure out this afternoon trading thing...

Today I didn't any good swings, nor did I take any big hits.

Good Trades
None.

Bad Trades
None.

2 Comments:

  • Excellent blog. I really enjoy it. Would love to see more details about your daily transaction. e.g. number of shares traded/company, total capital invested per company and cumulative.

    Thanks again for sharing ...

    By Anonymous Anonymous, at October 17, 2006 7:27 PM  

  • Anon@7:27PM,

    Thanks for the compliment! I've been planning a way to share more of my trades and I've been thinking of a more ideal way of showing it. Perhaps sometime soon I will slightly change the format of my posts and what trades I write about. In the meantime, thanks a million for the support and hopefully soon I'll be able to share more with you good folks out there!

    Happy trading!

    By Blogger J.C., at October 17, 2006 10:32 PM  

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