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

Friday, January 26, 2007

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)

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5 Comments:

  • Good to see you back! Hope you relaxed and had a blast at the same time. I am going to Hawaii for a couple weeks in April and I can't wait.

    By Anonymous Chris, at January 26, 2007 8:15 PM  

  • Hey Chris,
    Thanks for your comments. It feels good to be back! Hawaii! Ohhh man! For a couple of weeks too?!! I'm sure you'll have a grand time (though we all will miss your posts at your site!). Good luck to you and hopefully we'll get to see some pics of Hawaii!

    By Blogger J.C., at January 27, 2007 2:24 PM  

  • hi,jc
    welcome to back!!!very
    i can see your post again.and waiting for your post.
    i think,you had get through a grand time.

    By Anonymous wj, at January 28, 2007 11:35 AM  

  • WJ,
    Thanks for your comments. It feels good to be back (though it's been snowing a lot since I came back to Toronto!). I had a great time down in the Bahamas and I feel well rested and ready to trade! Good luck to you and your trading!

    By Blogger J.C., at January 28, 2007 2:31 PM  

  • Sounds terrible

    By Anonymous QUALITY STOCKS UNDER 5 DOLLARS, at April 11, 2013 12:26 AM  

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