Jittery
Gross: +$470.50
Net: +$426.65
Trades: 56
Shares Traded: 68600
Stocks Traded Today (net profit/loss):
McDonald's Corporation (MCD): +$360.89
Sanofi-Aventis (SNY): +$111.63
Hewlett-Packard Company (HPQ): +$36.98
Merck & Co., Inc. (MRK): +$19.98
Wal-Mart Stores, Inc. (WMT): +$16.67
Annaly Capital Management, Inc. (NLY): -$33.25
Krispy Kreme Doughnuts (KKD): -$86.26
After what happened yesterday, I really felt reluctant to put on that first trade.
I sat there and waited, and sat some more, and waited some more.
And if I did do something, I didn't stick around in any position for too long....I was just being very cautious all around.
Aside from that move between 10AM - 11AM, I just found that everything was too jittery to put on any meaningful trade.
There were a couple of stocks that made some significant moves amidst all of the jitteryness...in particular, McDonald's (MCD) at around 11:30AM after it broke it's intraday high.
Again, because I was being cautious and because of the jitteryness of the S&P Futures, I kept going in and out very quickly and all the little profits on it added up.
I also caught a bit of that nasty move MCD made a little after 1PM as it ran right up, then right back down....again, I was just glad I was in and out fast today.
Merck (MRK) was also a tricky beast to trade today....I made lots, lost lots, and made it all back again on this finicky stock.
One stock that disappointed was Krispy Kreme (KKD)...I was watching this stock after it had reported last night and it looked like an ascending triangle and I got long right at the top at $11.05 (I got a little to eager to get into this stock), but as you can see, it quickly fell back down.
Aside from that, nothing else to really say about today's trading....kept my position sizes between 1000 - 3000 shares. Next week, I'll try to step it up a bit more.
That's it for now....lookout for my weekend reading....it's gonna have lots of articles....have a great weekend all!
Net: +$426.65
Trades: 56
Shares Traded: 68600
Stocks Traded Today (net profit/loss):
McDonald's Corporation (MCD): +$360.89
Sanofi-Aventis (SNY): +$111.63
Hewlett-Packard Company (HPQ): +$36.98
Merck & Co., Inc. (MRK): +$19.98
Wal-Mart Stores, Inc. (WMT): +$16.67
Annaly Capital Management, Inc. (NLY): -$33.25
Krispy Kreme Doughnuts (KKD): -$86.26
After what happened yesterday, I really felt reluctant to put on that first trade.
I sat there and waited, and sat some more, and waited some more.
And if I did do something, I didn't stick around in any position for too long....I was just being very cautious all around.
Aside from that move between 10AM - 11AM, I just found that everything was too jittery to put on any meaningful trade.
There were a couple of stocks that made some significant moves amidst all of the jitteryness...in particular, McDonald's (MCD) at around 11:30AM after it broke it's intraday high.
Again, because I was being cautious and because of the jitteryness of the S&P Futures, I kept going in and out very quickly and all the little profits on it added up.
I also caught a bit of that nasty move MCD made a little after 1PM as it ran right up, then right back down....again, I was just glad I was in and out fast today.
Merck (MRK) was also a tricky beast to trade today....I made lots, lost lots, and made it all back again on this finicky stock.
One stock that disappointed was Krispy Kreme (KKD)...I was watching this stock after it had reported last night and it looked like an ascending triangle and I got long right at the top at $11.05 (I got a little to eager to get into this stock), but as you can see, it quickly fell back down.
Aside from that, nothing else to really say about today's trading....kept my position sizes between 1000 - 3000 shares. Next week, I'll try to step it up a bit more.
That's it for now....lookout for my weekend reading....it's gonna have lots of articles....have a great weekend all!
Good Trades
(trades in which I make $200 or more)
(trades in which I make $200 or more)
- None
Bad Trades
(trades in which I lose $150 or more)
(trades in which I lose $150 or more)
- None
Labels: trading
posted by J.C. at
5:58 p.m.
1 Comments:
Long time no comment. Came by an noticed on your charts that you do not look at the volume. Is this beacuse you read tape all day and have a good fee for pullbacks, capitulation and blow off tops? Just wondering. Seems like you are doing better than last year. Hope this is true and keep up the good trading.
By
LP, at April 18, 2007 9:18 a.m.
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