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

Thursday, December 28, 2006

Nothing Much Going On

Gross: +$288.35
Net: +$114.45
Loss From Top: $60.35
Trades: 60
Shares Traded: 165320

Stocks Traded Today (net profit/loss):
Pfizer Inc. (PFE): +$131.90
Hewlett Packard Co. (HPQ): +$117.92
Citigroup Inc. (C): +$20.95
BellSouth Corp. (BLS): +$16.42
International Business Machines (IBM): -$6.63
Time Warner Inc. (TWX): -$21.42
Wal-Mart Stores Inc. (WMT): -$144.51

This is gonna be another short post...

Not much was happening today...I couldn't really find any real good trades out there, so I spent most of my time trading TWX and PFE. Probably about 75% of my trades were on these two stocks alone.

I put on another fat-fingered mistake on WMT (hence the loss on it today). I almost got short 10,000 shares on WMT, but got partially filled for 6300 shares (I had originally only wanted to short 2000 shares).

How'd this happen?

We have hot-keys that allow us to change our position size...however it requires that the NumLock on the keypad is ON in order for it to work.

Well, I had just finished trading PFE when I switched to WMT and I hit the hot-key to change to 2000 shares....but the NumLock was off, so I ended up with a 10,000 share order (which I was using for the previous PFE trade).

I saw my mistake and cancelled the balance of the order.

Once I was in that position, I held it for a bit, but then is started moving up. I got the bulk of my position out for a loss, but held the remaining portion for a decent gain...as a result, the loss from that trade was (barely) under $100, so I was glad it didn't blow me out of the water.

I traded until a little after lunch and by 1PM I was on my way home...there was a little too much jiggle action for my tastes today....

Last trading day of the year is tomorrow! I'll probably do the same thing I've been doing the last few trading days and just trade until lunch tomorrow.

Good Trades
None.

Bad Trades
None.

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1 Comments:

  • LOL, your num lock story reminds me of the dangers of allowing a cat to roam on the trading desk, dowp!

    Cheers & Happy New Year!
    Ralph
    http://www.successfulonlinetrading.com/breadth%20report.htm

    By Blogger RalphSE, at December 30, 2006 5:05 PM  

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