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Market seems a bit unstable after the Fed announcement yesterday that more QE was not needed right now. I think in the future, I will look into trading in the direction of the market’s reaction to Fed announcements. Unrealized loss is not over 1%, so have not opened any short positions yet...

LOL... I just realized you thought this was a "taking 1K to 30K" journal. :D

I’m not sure what you are referring to by, “How long did it take?” Some of the current balance is due to past contributions and some are profits. This journal is not about all the money I made or lost before starting this journal, it is about what I am currently doing now and the...

It was a fairly light day, buying and selling a few. I talked to a friend today who has been getting into options. He says you can make a lot of money. I told him I think more about how much I can lose. I know for me personally, I could get into trouble with the leverage of options...

Symbol Type Filled/Canceled CME Sell 04/02/12 02:58:58 PM MRO Sell 04/02/12 02:58:58 PM DFS Sell 04/02/12 02:58:58 PM R Sell 04/02/12 02:58:57 PM SUN Sell 04/02/12 02:58:57 PM EWZ Sell 04/02/12 02:58:57 PM VZ Sell 04/02/12 02:58:56 PM JBL Sell 04/02/12 02:58:56 PM CBG Sell...

Initial Capital (2/10/2012) $30,000 Total Net Profit $2,350.83 (Per Share) $0.27 Gross Profit $3,373.99 Gross Loss ($1,023.17) Profit Factor 3.3 Total Number of Trades 266 Percent Profitable 76.69% Winning Trades 204 Losing Trades 62 Avg. Trade Net Profit $8.84 Avg. Winning Trade...

Hi and thanks for the input Victor and Mike. I know I mustn't concentrate in one sector like I have. I feel like Dr, Jekyll and Mr. Hyde sometimes. I suppose I rationalize with my small account I can get away with it, but I am trying to build skills for an eventual larger account, so I need...

Symbol Open P/L Open P/L % Average Price Quantity Total Cost Description VZ ($33.48) -1.39% 38.76 62 $2,403 Verizon Communications XLE ($29.50) -0.16% 71.26 266 $18,955 S&P Sel Energy Spdr Fund DELL ($17.04) -1.43% 16.77 71 $1,191 Dell Inc LXK ($14.21) -0.60% 33.63 71 $2,388 Lexmark...

Hi macrotrader, as always, I appreciate the input from you and others who take the time to provide wise counsel. It makes this journal worthwhile. Enough people have mentioned the efficiency of major indices to convince me that stocks are the way to go. I am sticking with the SP500 right now...

Symbol Open P/L Open P/L % Average Price Quantity Total Cost Description JCP ($308.69) -8.61% 39.37 91 $3,583 Penney (J.C.) DELL ($4.97) -0.42% 16.77 71 $1,191 Dell Inc AMGN ($3.26) -0.09% 67.57 54 $3,649 Amgen Inc LXK $18.48 1.53% 33.64 36 $1,211 Lexmark Intl'A' XLE $47.30 0.99%...

Here is a quick chart of my profit distribution of trades from strategy implementation on 2/10/2012. I am a bit concerned about the few negative outliers (from JCP) not matched with positive outliers, but I like the overall skew of the chart. I will keep updating this as time progresses. I...

Initial Capital (2/10/2012) $30,000 Total Net Profit $1,852.01 (Per Share) $0.25 Gross Profit $2,856.61 Gross Loss ($1,004.60) Profit Factor 2.84 Total Number of Trades 234 Percent Profitable 73.08% Winning Trades 171 Losing Trades 63 Avg. Trade Net Profit $7.91 Avg. Winning...

Symbol Open P/L Open P/L % Average Price Quantity Total Cost Description JCP ($250.70) -7.00% 39.37 91 $3,583 Penney (J.C.) AMGN ($50.78) -1.39% 67.57 54 $3,649 Amgen Inc XLE ($48.40) -1.02% 72.13 66 $4,761 S&P Sel Energy Spdr Fund CAM ($43.24) -1.83% 51.29 46 $2,359 Cameron...

Long 400 avg. 34.63

Long 300 XLU at 34.66

Initial Capital (2/10/2012) $30,000 Total Net Profit $1,553.58 (Per Share) $0.27 Gross Profit $2,379.19 Gross Loss ($825.62) Profit Factor 2.88 Total Number of Trades 193 Percent Profitable 74.09% Winning Trades 143 Losing Trades 50 Avg. Trade Net Profit $8.05 Avg. Winning Trade...

Symbol Open P/L Open P/L % Average Price Quantity Total Cost Description JCP ($158.79) -4.43% 39.37 91 $3,583 Penney (J.C.) EXPE ($49.45) -1.38% 32.96 109 $3,593 Expedia Inc MSI $0.07 0.01% 50.44 24 $1,211 Motorola, Inc. RRC $5.70 0.49% 61.72 19 $1,173 Range Resources EMN $6.44 0.54%...

Initial Capital (2/10/2012) $30,000 Total Net Profit $1,118.63 (Per Share) $0.23 Gross Profit $1,899.91 Gross Loss ($781.28) Profit Factor 2.43 Total Number of Trades 163 Percent Profitable 71.78% Winning Trades 117 Losing Trades 46 Avg. Trade Net Profit $6.86 Avg. Winning Trade...

Hi tihfa, thanks for checking in. I’m glad my journal inspires and motivates you . One reason I am keeping this journal is to hopefully help others prevent blowing up, as well as be organized and systematic. It took 4 years, because I was new to code writing, and the code did not exist yet...

Initial Capital (2/10/2012) $30,000 Total Net Profit $1,319.36 (Per Share) $0.35 Gross Profit $1,694.72 Gross Loss ($375.36) Profit Factor 4.51 Total Number of Trades 130 Percent Profitable 77.69% Winning Trades 101 Losing Trades 29 Avg. Trade Net Profit $10.15 Avg. Winning Trade...