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    Trader P/L 2009

    -57 Stopped out. Was sitting flat after lunch and got stupid...then got even more stupid - ended up getting stopped out after shorting the bottom... Man am I happy I have something to make a living with besides trading...
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    Trader P/L 2009

    -40 almost stopped out and threw a hail mary with a long in axp while 3c away from being done for the day... managed to get back half of the losses - and hit my highest fees amount on my most active day... The bad news: I should have put on 1 trade today, which was MS long (oh wait I was...
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    Trader P/L 2009

    -36 net I have mush for a brain. I have no balls. The only thing I can stick to is the toilet seat, because sticking to my rules obviously is not even a remote possibility at this point. Can't pull the trigger most of the time, and when I finally do, I get myself out of the trades, then...
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    Wells Fargo is a SHORT

    Relative strength due to earnings only. Tomorrow we'll have a better idea - I would not want to be holding this overnight - not one bit....in either direction...
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    Trader P/L 2009

    -23.49 Right ideas - bad execution... Pounded one stock for entries all day before it finally broke out in the expected direction - took a few small losses doing it and when it finally broke was not in the trade - chased got snapped - reentered lower and got a few c....what should have been...
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    Trader P/L 2009

    +12.53 Short in the morning and sideways the rest of the day on what I traded. Had a little bounce up on two of my stocks, but nothing good enough for me to make any money on... More things learned today.
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    Wells Fargo is a SHORT

    The why is irrelevant. Do not question why - this is why people lost fortunes because they wondered why dot coms were going through the roof a few years back. WFC based on fridays action is a "I don't know" with a slight bullish outlook - 30 was a perfect number to close on so that a max of...
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    Wells Fargo is a SHORT

    just as it went up on JPM earnings it now went down on BAC earnings and market gapping down. and the day is not over - I have to get out of here early today or I'd be buying 30.00 support for the afternoon with a tight stop - and it's where it closes that matters. so far looking like a gap...
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    Biggest Trading Mistakes

    1.not having a plan. 2.Having a plan and not following it. Without those 2 you might as well never even start because then nothing else matters.
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    The Best ETFS to short?? I'm putting on a huge play this week Oct. 12!

    200 points on the dow is more or less 10 bucks on FAS. You need 600 one way or the other to get you a 50% return on the trade - on the november options. 600 points by january breaks you even - and we just moved 600 points in the last two weeks. Your only risk is theta - vega should be...
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    The Best ETFS to short?? I'm putting on a huge play this week Oct. 12!

    Leveraged etf's are a losers game, but they never stick around for long at the same levels...think options... buy a 90 strike FAS straddle with december expiration and you're almost guaranteed to make money.
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    Wells Fargo is a SHORT

    Still holding like a champ - actually closed higher than yesterday - pausing on lighter volume.... took a breather after a nice day yesterday - no reasons to get out if long.
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    Goldman Sachs: Pic of the day

    GS is not supposed to produce shit for the average American - they're supposed to make money and they do a god damn good job doing it, level playing field or not. Now the average American is supposed to bitch and moan because people that make money made money and he can't touch it because...
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    how do i prevent making same mistakes?

    Per Mark Douglas in his "Trading in the zone" book, this is purely a psychological issue. Basically the problem is that sticking to your rules goes totally against the idea of trading. Let's think about this for a second: Trading is the only thing in life where you have total control...
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    Trader P/L 2009

    +27.19 best day in a month. can't handle volatility - shook myself early out of two great trades. Tomorrow time to see if my head is better - certainly feels better.
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    Wells Fargo is a SHORT

    We're still holding yesterday's support in all 3 markets. Relax. JPM is looking pretty ugly on the daily at this point - and so does wfc - but you need to break 31 and close below it - day's not over.
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    how do i prevent making same mistakes?

    Yes Redneck, post them up. I found your advice to always be top notch!!
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    Wells Fargo is a SHORT

    Now all jokes aside - are you in the trade? Just curious - not knocking - we can all learn something - from good trades and mistakes alike. If you're in, what's your average price - profit target and exit strategy in case the trade does not work out? Thank you.
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    Wells Fargo is a SHORT

    No he got it because the fast stochastic was overbought and fundamentals were not agreeing with the stock being where it is. On the way to the march lows that stochastic was oversold for quite a while - that still didn't make a case for longs did it? Close to the armpits... Again, price...
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    Trader P/L 2009

    +1.06 net I must be very very slow at learning stuff. It is getting better - it just doesn't look like it yet... :D Ok now the foot is in the pool, time to put the rest of the body in...
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