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

Tuesday, May 08, 2007

Just Waiting For Tomorrow....

Net: +$316.64
Trades: 50
Shares Traded: 31600

Stocks Traded Today (net profit/loss):
Computer Sciences Corporation (CSC): +$212.32
The St. Joe Company (JOE): +$99.29
GrafTech International Ltd. (GTI): +$97.91
Hewlett-Packard Company (HPQ): +$78.52
Florida East Coast Industries Inc. (FLA): +$41.35
The Home Depot, Inc. (HD): +$23.30
Chemed Corporation (CHE): +$10.89
Alcoa Inc. (AA): -$6.44
CIGNA Corporation (CI): -$23.00
The Brink's Company (BCO): -$27.56
Ameren Corporation (AEE): -$37.00
Fluor Corporation (FLR): -$73.71
Precision Drilling Trust (PDS): -$79.24

Didn't really want to do too much today and I was basically just waiting for tomorrow.

You can see I traded a bit more shares, but it didn't really do me any good. Most of them were on 2000 shares positions, but the stocks I was in didn't really move very much and I only captured a few cents here and there.

The bulk of my profits today was a result of a short on Computer Sciences (CSC) and was probably the only half-decent trade I had on today.

I went short when the $55.00 level broke and held this for almost an hour.

There were a couple of other moves that were half decent, but unfortunately I let go of a bulk of my position before they made any significant moves.

There were a couple of stocks that I was hesitant to get into....and the biggest missed opportunity was on Countrywide Financial (CFC). I wanted to get into that stock a couple times this afternoon, but I was either too slow or my attention was momentarily off of it before it took off.

Also, both FLA and CHE made pretty big moves but I managed only to capture a small piece of those moves.

Aside from that, I didn't really do much of anything today.

No good trades and no bad ones.

Sorry for another very short post, but the weather out there is just too great to pass up an opportunity to enjoy it.

For now, I'm just waiting for the Fed announcement tomorrow....

Good Trades
(trades in which I make $250 or more)
  • None

Bad Trades
(trades in which I lose $150 or more)
  • None



  • Hi J.C,

    Your blog is great and i've been searching for a blog like this for a long time. i am a prop trader tarinee who is struggling for graduate. According to your experience, i am sure you are able give me some helpful advice if you will, so i am wonder if i can ask you some questions through email. Thank you very much!! Brian

    By Anonymous Anonymous, at May 08, 2007 7:41 p.m.  

  • Hey J. C., I like checking in on your blog and your weekend reading is definitly the bomb. I just wanted to let you know I'm getting busy with my blog again, mostly trying to post some trade examples that illustrate concepts I use in my trading. So check it out again if you get a chance, thanks.

    By Blogger Chrisnyork, at May 09, 2007 11:10 a.m.  

  • Brian,
    Thanks for your comments and thanks for the compliments. When I first started this blog, I tried to think of things that I would have liked to have seen when I first started out so I hope you can get something out of this blog. Feel free to email me and I'll gladly answer your questions!

    Thanks for your comments. I've been keeping track of your blog via bloglines and I have been following along. Keep up the great work! Unfortunately this weekend there won't be a Weekend Reading (I've been fairly busy this week and haven't really had time to collect articles), but I will continue it next weekend so keep those great posts at your blog coming!

    By Blogger J.C., at May 09, 2007 6:12 p.m.  

  • You have posted very useful and valuable blog and i really apprecaite your blog. I want to thanks for sharing.

    By Anonymous intraday tips, at December 06, 2010 5:09 a.m.  

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