Disgusting

Gross: +$105.00
Net: +$86.39
Trades: 46
Shares Traded: 25600

Stocks Traded Today (net profit/loss):
Schlumberger Limited (SLB): +$315.11
H&R Block, Inc. (HRB): +$296.72
Reliance Steel & Aluminum (RS): +$155.58
Continental Airlines, Inc. (CAL): -$10.92
Barr Pharmaceuticals, Inc. (BRL): -$20.40
Oakley, Inc. (OO): -$24.82
Dominion Resources, Inc. (D): -$26.31
AK Steel Holding Corporation (AKS): -$63.55
The Estee Lauder Companies Inc. (EL): -$75.14
Caterpillar Inc. (CAT): -$103.23
Honeywell International Inc. (HON): -$356.67

Absolutely disgusting.

That about sums up my trading this afternoon.

I let a good morning go to waste and I ended the day on a severe losing streak. It got to the point that I was just so disgusted with what went on in the afternoon that I just got up and left partway through the day.

I caught some good moves this morning and during lunch I made a bad decision to stick around to see how much more I could make.

Well that was the beginning of a losing streak that would see me lose close to $700 in the afternoon.

I just couldn't believe nothing was working. After 5 losing trades in a row, I went out to take a walk to clear my mind. When I came back, I put on another 5 losing trades in a row.

The final losing trade was a killer on some stupid move made by Honeywell (HON) and I don't really see the reason why it had to happen (see bad trades below).

After that bad losing trade on HON, I just felt so disgusted with what had just happened and I had high expectations that today would turn out to be a rather good day....but instead I was left with next to nothing.

I just couldn't take it any more and I just left.

I don't really want to think about it any more so I won't go on any further and dwell upon it. With literally nothing going on in the markets, I should have known better than to put on all those trades in the afternoon....most of them didn't need to happen, but they did happen because I thought I could make something out of it.

Two good trades and one bad one today.

As mentioned earlier, that bad trade was the last straw in today's trading...I just couldn't believe I put on so many losing trades in a row.

Good Trades
(trades in which I make $200 or more)

• 9:47:50AM - Schlumberger Limited (SLB) had opened rather strong and when it broke the $76.50 level, I went long 500 shares. SLB just rocketed higher non-stop and I got out as follows: 56-cent winner (300 shares), 74-cent winner (200 shares) ($316 profit before fees ; Long 500 shares @ $76.50 ; Out: 9:50:11AM)

• 11:13:17AM - H&R Block (HRB) had been falling all morning along with the Futures and when the Futures started moving to the downside, I saw an opportunity to get short 2000 shares at $22.75. As soon as HRB broke the $22.75 level, it fell like a rock. I got out as follows: 4-cent winner (1000 shares), 15-cent winner (500 shares), 24-cent winner (500 shares ($235 profit before fees ; Short 2000 shares @ $22.75 ; Out: 11:20:24AM)
  

Bad Trades
(trades in which I lose $150 or more)

• 1:44:33PM - Honeywell (HON) was testing it's intraday high at $51.25 and when it looked like it was going to break, I went long 2000 shares @ $51.25. When it had difficulty getting through that level, I quickly dumped half my position for a 1-cent loser. Then HON decided to do some stupid-ass move and the Level 2 just got all crossed up...prints were going off 10 and 20 cents below where I was long. I didn't know what was going on and I had thought there was news on it so I crossed my order to get out....and it would fill my remaining shares 26-cents lower. After a few minutes, I watched this stock come back up and continue to the upside - after seeing that, it pissed me off and had me packing for the day. Altogether, I got out as follows: 1-cent loser (1000 shares), 26-cent loser (1000 share) ($270 loser before fees ; Long 2000 shares @ $51.25 ; Out: 1:46:12PM)