Wednesday, January 14, 2009



done for the day. I think I'll go to Beihanna and watch the amateur chopfest show, compared to this market anyway.

sold SKF + $ 5800


















sold SRS + $ 3200
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4 comments:

Blue said...

Not a single losing trade Scott?

4:08 p.m.
Scott said...

Yes I had a loser in AAPL as noted by the minus sign. I could have had 20 losers if I kept any of them longer such was the chopfest. Today was a day to get in and out fast with no regard to sell signals. No long trends either.

6:26 p.m.
Blue said...

It's incredible how you manage to get out for small losses with the size you trade on these volatile stocks. I'm working on that emotional discipline this year.

Nice $21k day dude. A 5k day would be a record for me, then a 10k day. However I don't trade with that in mind. I just do my best to make good trades and work on holding winners longer. Once I get my emotional control down it'll happen.

I've spent so much time preventing losses I still don't know what it's like to sit back and watch a winner run for more than 2 points worth.

5:24 p.m.
? said...

Blue,
When the market conditions were better in October etc., $20k moves happened in a few minutes if you were in the right momentum stock.
Cutting losers short is the name of the game but it's impossible to prevent them. It's wrong if you are trying to do that. Trade from a positive state of mind instead of a negative one.
The market is going to do whatever it's going to do with or without you along so you need to try and get on the side of momentum and you will see larger winners come your way.
Although some days recently the smart trading has been quick in and out action. You need to be able to recognize and adapt to the prevailing conditions.

10:13 p.m.

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