Just Keep Chugging Along...

Gross: +$932.00
Net: +$765.84
Loss From Top: 0
Trades: 66
Shares Traded: 152200

Stocks Traded Today (net profit/loss):
Cameco Corporation (CCJ): +$539.82
EMC Corporation (EMC): +$229.09
Infineon Technologies (IFX): +$188.56
National-Oilwell Varco Inc (NOV): +$160.46
CB Richard Ellis Group Inc (CBG): +$98.41
General Electric Company (GE): +$41.83
Motorola Inc (MOT): +$39.19
Corning Incorporated (GLW): +$33.84
Pfizer Inc (PFE): +$11.07
Computer Sciences Corporation (CSC): -$5.95
Lear Corporation (LEA): -$22.06
Embraer-Empresa Brasileir de Aero (ERJ): -$155.91
Time Warner Inc (TWX): -$172.20
DirecTV Group Inc (DTV): -$220.30

Well, not much for me to say about today's trading day...

Just kept doing what I've been doing the last two weeks or so. I'm glad to see some consistency appear in my trading.

I'm also finding that I no longer worry about some of the losing trades I sometimes take on during the trading day. If I lose $100 or even $200, I no longer fret too much about it (whereas in the past, I would have been really upset because it was rather difficult to make that kind of money back).

But lately with the new trading plan I have in place, I figure that that $100 or $200 can easily be made back on a single trade. I think the biggest thing that has helped my trading these last few weeks was my decision to move to using 5-minute charts.

Things just seem so much clearer during the trading day and with the 5-minute charts, I can quickly assess whether a stock is a good trading candidate or not.

Add to it a little more patience in holding onto positions and those $100 or $200 losing trades seem fairly easy to overcome in the long run.

It's because of this that I'm finding myself more patient in waiting for a good trade setup. In the past when I thought that a $100 or $200 loss would be hard to recover, I would find myself over-trading because I would get myself into trades that were only partial setups and hope it would turn in my favor.

But now I'm much more comfortable waiting for a good trade because I know that with my new charts and that little extra patience, any losing trade can be easily overcome. Obviously my patience still has a long way to go, but at least it's allowing my to capture more 10, 25, and 50-cent moves, whereas in the past, all I kept trying to do was capture 2 or 3 cents.

Well, today is mid-week and I'm already feeling quite exhausted from the week of trading so far. I don't know why, but as the week progresses, I keep finding myself more and more tired as the week goes on.

So far this week, I have been trading for the whole day...maybe it's because of me constantly looking for stocks to trade during the day and the constant flipping of one chart to another that has me mentally exhausted.

Perhaps it's a good idea to take some afternoons off during the week just so that I can recover...I'll see how I feel the remainder of the week.

One good trade and no bad ones today.

There were a couple of stocks today that I just couldn't seem to catch a break on. I traded DirecTV (DTV) a few times today, but they all ended up as losers. I found that all day today that DTV would move up and down and it constantly had me going for the exits.

Embraer-Empresa Brasileir de Aero (ERJ) was also moving today, but for the life of me, I couldn't seem to trade this one properly and I ended up with a few losing trades on this one as well.

I don't know if you can tell, but I'm really straining to think of things to write in this post...as I mentioned, I've been feeling really tired the last few days....it could be because of the extremely cold weather out there (with the wind, it's been feeling like -30 degrees Celsius, or about -22 degrees Fahrenheit)...I don't know.

Let's see if I can continue this consistency for the rest of this week....

Good Trades
10:20:24AM - Cameco Corp (CCJ) was moving up and had just broken it's intraday high. When the $37.50 level broke, I got partially filled for only 400 shares. As CCJ moved up, I added another 600 shares at $37.60 (thus, I was long 1000 shares total). I got rid of half my position a little too early, but I held the other half until CCJ just seemed to roll over. I got out as follows: 4-cent winner (100 shares), 14-cent winner (100 shares), 15-cent winner (300 shares), 65-cent winner (500 shares) ($388 profit before fees ; Long 400 shares @ $37.50, Long 600 shares @ $37.60 ; Out: 10:24:14AM)


Bad Trades
None.