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    November Trading Journals

    Because I trade NYSE? Thomas: The reason I left it in Chinese is because I want people to actually find someone who knows Chinese to translate it for them. It is more like a little puzzle I left in there for people to solve. SB: Let me know how long have you been trading, how...
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    November Trading Journals

    A great open turned sour as I could not make enough shots down the stretch to make it a four digit game. Still an acceptable victory as I didn't have to work too hard for it, +993 before commissions, +792 after, 6 of 9 shooting on 8800 shares, the P&L before commissions is similar but without...
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    November Trading Journals

    Crazy: Yes I did.
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    November Trading Journals

    What was supposed to be a light and choppy day turned into a solid open at the expense of course some really tragic events. The crash site is less than 50 miles away from my house in Brooklyn, and quite honestly this is some pretty heavy stuff going on especially with speculation that Bin Laden...
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    Underground Traders Trading Pit

    Josh: I can at least say I got a piece of the action. It weren't a few day's, I bought on Friday for 230 sold on Monday for 90. I honestly thought the stock splitted, almost called my broker to ask them where is my extra shares until I looked at the news.
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    Serious issue : daytrader-swingtrader inner conflict

    Swing trade, simply because day trading is simply NOT an option when you can only do it 3 times a week.
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    Trading Journal, November

    I am curious about your P&L because looking at your trades you had one winner for 20 cents and everything else seem to be losers, did you carry some stuff overnight to be up $70 or there is one big winner that you didn't share with us :-) ? Thanks!
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    Underground Traders Trading Pit

    As for that EMLX call, I would have wiped out my account too had I been in the same boat, as far as I understand it there was no way you could have covered as the stock halted and re-opened a LOT lower. That said, a trader at my firm happened to have bottompicked it and made 200K on that trade...
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    November Trading Journals

    For your reading pleasure, I have uploaded all of my trading journals from the interview to present on a personal web site. It is a huge archieve as some of those files are as large as 300KB or more. http://hitmantb.tripod.com/ I will back up to the address above on a monthly basis, and...
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    The Learning Curve

    http://hitmantb.tripod.com/0011.htm
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    November Trading Journals

    BTW, this is a brutal environment and a lot of traders are facing some really dire situations. The HR department may as well install a revolving door as people are coming and going. In September one of the big trading desk managers blew up as he lost 145K on one trade, a bottompick play that...
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    November Trading Journals

    The problem was that I was smoked for 1K almost right off the open, a period which I typically feel very confident to trade in. I honestly planned on make a few hundred then hit the gym today, that plan was thrown out of the window as soon as my first three trades were done. Put it this way, I...
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    November Trading Journals

    The week may be over but it is hard for me to rest in peace after I blew what was my best Monday/Tuesday start in a long time. Pulled out 1K this week and November is shaping up to be a tough month. I have to make sure I go to bed no later than midnight on weekday's, because this morning my...
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    November Trading Journals

    Had to swallow my worst defeat since late September as what could have been my best week in a long time turned sour. The market wants to run but the bears kept on smacking it back down and it bounces right back up every time, the most frustrating aspect of intraday trading. I did not get...
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    November Trading Journals

    Serious technical issues this morning as our order entry system went off at literally the worst time of the day, 9:45 - 10:15, and I didn't realize I had a backup order entry system via good old DOT . . . Fortunately the market went up but I missed the critical breakout. Afternoon proved to be...
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    Some "Bright" strategies...

    Perhaps most importantly, how do you calculate that the spread is large enough to be worth the risk?
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    Some "Bright" strategies...

    Don: I have looked at chart after chart of AOL/VIA and a few other pairs I have, my biggest question is how exactly do you trade a spread intraday. Can you give one, JUST ONE example on why you took a trade, that will be incredibly helpful. I really spend a lot of time looking...
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    November Trading Journals

    Snapped my 11 games winning streak as the 2PM energy news made me swallow my first loss in more than two weeks. 25500 shares on 9 of 18 shooting, +465 before commissions, -244 after, 2 bullets. It was a total shutdown of a day as I could not put together that one big winner out of 18 stocks...
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    November Trading Journals

    Magna: I have had a 5000 game back in April and a few multiple K games around that time, and I really look forward to having them again. Nic: Time is not my friend, there is a time bomb ticking in my blood, when it blows up I lose everything, I have to prove myself as soon as...
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    November Trading Journals

    There are two ways I pare out into strength, if there is a large BID stepping up, I usually put some of my shares on a trailing stop one penny below it, so as soon as the BID is gone, I am out, this is useful when trading large caps like GE, TYC, etc . . . as they are very liquid and there will...
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