Back To The Cold, Frozen North

Gross: +$470.00
Net: +$343.87
Loss From Top: 0
Trades: 70
Shares Traded: 126800

Stocks Traded Today (net profit/loss):
NBTY Inc. (NTY): +$305.27
LSI Logic Corp. (LSI): +$195.71
EMC Corp. (EMC): +$168.04
Halliburton Company (HAL): +$46.18
Chemtura Corporation (CEM): +$39.85
Honeywell International Inc. (HON): +$33.06
General Motors Corporation (GM): +$5.00
ConocoPhillips (COP): -$52.44
Novelis Inc. (NVL): -$110.29
MEMC Electronic Materials Inc. (WFR): -$286.54

Well well well...I got back yesterday afternoon, but I just had too much catching up to do that I didn't have time to post yesterday.

We had a great time...we went down there for a wedding for some friends of ours and we were surprised at the turnout (close to 60 people made it down there for the ceremony). The place we stayed at was all inclusive including alcoholic drinks so you know what kind of time we had down there. Beaches were beautiful and and weather was really nice (no rain!) and it averaged around 27 degrees Celsius (about 80 degrees Fahrenheit).

When we got back to Toronto, we were greeted with a bitterly cold day with the wind it felt like -20 degrees Celsius (-4 degrees Fahrenheit)....almost a 50-Celsius difference (or almost a 90 degree Fahrenheit difference!).

But today was not exactly what I really wanted to come back to, but it felt good to be back on the trading floor again.

I must say that the morning was not how I wanted this trading day to begin. I had many stocks on my radar early in the morning....but I started off on the wrong foot and the first trade of the day was a $235 loser (see bad trades).

It was followed by a couple of losing trades and very quickly I found myself down by over $400.

I managed to claw my way back, but it was not an easy task. As you can see, I traded a lot of stocks that were gapping up and/or up on heavy volume.

Anyways, I still have some catching up to do so I'll keep this short and this weekend is going to be busy for me. Since I was away for most of this week, I won't be posting up a Weekend Reading, so that's all for me until Sunday night (for my On Tap post).

Have a good weekend folks!

Good Trades
12:57:35PM - NBTY Inc. (NTY) was moving up and I went long 500 shares at $51.35. I had to wait a while before this one started moving and I managed to get out as follows: 50-cent winner (100 shares), 51-cent winner (400 shares) ($254 profit before fees ; Long 500 shares @ $51.35 ; Out: 1:12:16PM)

Bad Trades
9:38:14AM - MEMC Electronic Material Inc. (WFR) opened up strong and when it broke the $51.00 level, I went long 500 shares. WFR hung around for a bit, but then just tanked good and hard. I got everything out for a 47-cent loser ($235 loser before fees ; Long 500 shares @ $51.00 ; Out: 9:40:39AM)