Friday, March 26, 2010


sold ABIO and done for the day
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3 comments:

bluecollartrader said...

Scott,

I'm looking forward to spending some time this weekend analyzing your trades from today. We continue to appreciate you taking your time to contribute to this site. I spend most of my study time here and I suspect I am not alone.

1:54 p.m.
joshua said...

unreal. i was just watching these stocks as usual, to afraid to get in worrying about not timing it correctly. can i curse here, your trading today was unf*inbelievable or should i say f*inbelievable. well done. i really need my switch to flip so i can get in and out like you. some days i feel it starting to happen, so we will see.

my other problem i run into is what i would call a recency bias to what has occurred while i was watching the screens. i notice if i get to my computer after a few morning moves have already occurred, i can make the correct decision as to where i think the market may go because although i see the chart, i didn't experience the move, so i don't have a little voice in my head saying no way it can move here or there. i just see the chart, plain as day, and trade it correctly.


you have an ability to be completely unprejudiced and open to all possibilities. i am beginning to realize how hard that is to learn. i think i am neutral, but in reality i am not.

i appreciate your blog because it shows me that it is possible to make a living doing this. i just have to learn to get in the opportunity flow.

6:09 p.m.
Scott said...

Thx guys. As fun as it was trading ABIO the fact if the matter was I missed the huge run up before I noticed it, so definite room for improvement there.
BCT- you can analyze the first FSLR short all you want but you won't find the signal that said to me"what are these assholes doing boosting the price like that". It just seemed like a desperate move that begged me to short it pennies from the top.
J-I have no prejudice up or down as I dont read or watch any media about stocks. To me it's just a game with red and green candles that move up and down. Gauging the places and times that momentum starts is the trick.One door closes another one opens.One wave begins as another one passes.Don't get hung up on making or losing money or worrying about making wrong decisions. If you have a solid plan, an edge and the focus to stick to it you'll achieve your dreams.
When you realize how truly insane it is to think you know where a stock will go, it's easy to be like I am. To really know with 100% certainty you would have to be privy to the intimate details of the company not to mention knowing when the next Prime Minister, President or politician will be assassinated, when the next war will break out, where the next natural disaster will happen, well you see where i'm going. It's clearly an impossible task so its better to spent your time striving for self mastery instead. Forget about stock research and go observe real human emotions in action at a pre school or drunken sports event.
I apply the lessons I've learned from those things every trading day.
Don't give up. Believe that you can do this.

12:23 a.m.

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