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Hi daytraderpete, Losing days happen, it's part of the business. It's important to accept that fact. Next time you start out on the wrong foot, realize that this can possibly be one of those losing days. Keep the discipline, take your trades, know when to sit on your hands, know when...

EOD: Tuesday, July 22, 2003 TODAY'S TRADES: (no trades) OPEN POSITIONS: 6/10/03......B......50 MTX @ 48.00........+ 3.65 6/27/03......B......50 DRL @ 45.10.........+ 2.30 6/27/03......B......50 ITT @ 65.00..........+ 2.32 7/17/03......B......200 SEE @...

EOD: Monday, July 21, 2003 TODAY'S TRADES: No Trades OPEN POSITIONS: 6/10/03......B......50 MTX @ 48.00........+ 2.55 6/27/03......B......50 DRL @ 45.10.........+ 2.49 6/27/03......B......50 ITT @ 65.00..........+ .23 7/17/03......B......200 SEE @ 46.89........-...

EOD: Friday, July 18, 2003 TODAY'S TRADES: Sold 50 ITT 65.94 (scaling out for a profit of $ .94) Bot 200 MRD 27.10 (new position) Sold 50 MTX (scaling out for a profit of $3.18) OPEN POSITIONS: 6/10/03......B......50 MTX @ 48.00........+ 3.24...

Think about the skill/technique, not the money. Don't let fear and greed control your actions. Trade smaller size so the money will be relatively insignificant. Then you will be able to concentrate on the trading technique without having fear and greed get in your way. The market's gonna...

EOD: Thursday, July 17, 2003 TODAY'S TRADES: Bot 200 SEE 46.89 (new position) OPEN POSITIONS: 6/10/03......B......100 MTX @ 48.00.......+ 1.94 6/27/03......B......50 DRL @ 45.10.........+ 1.40 6/27/03......B......100 ITT @ 65.00........+ .23...

I closed out the UNH position.

EOD: Wednesday, July 16, 2003 TODAY'S TRADES: Sold 50 UNH 48.71 (sold last leg of UNH for a loss of $1.65 per share) OPEN POSITIONS: 6/10/03......B......100 MTX @ 48.00.......+ 2.25 6/27/03......B......50 DRL @ 45.10.........+ 2.15 6/27/03......B......100 ITT @...

EOD: Tuesday, July 15, 2003 TODAY'S TRADES: Sold 50 DRL 50.48 (scaling out for profit of $5.38 per share) OPEN POSITIONS: 6/10/03......B......100 MTX @ 48.00.......+ 1.95 6/27/03......B......50 DRL @ 45.10.........+ 3.60 6/27/03......B......100 ITT @...

EOD: Monday, July 14, 2003 TODAY'S TRADES: (no trades) OPEN POSITIONS: 6/10/03......B......100 MTX @ 48.00.......+ 1.90 6/27/03......B......100 DRL @ 45.10........+ 4.80 6/27/03......B......100 ITT @ 65.00........- .47 7/02/03......B.......50 UNH @ 50.36........-...

EOD: Friday, July 11, 2003 TODAY'S TRADES: (no trades) OPEN POSITIONS: 6/10/03......B......100 MTX @ 48.00.......+ 1.95 6/27/03......B......100 DRL @ 45.10........+ 2.75 6/27/03......B......100 ITT @ 65.00........- .32 7/02/03......B.......50 UNH @ 50.36........+...

Hello sktrader, No question about it....the amount of money that even an experienced daytrader can consistently make in these market conditions in ALOT smaller than the past. As far as daytrading goes...I am working 10 times harder and making 10 times less than I used to. In the old...

Hi, If I enter a trade based on the hourly time frame....I will buy when the stock rallies above a moving average or when it breaks a prior high after it's above a moving average. (opposite for shorts) A moving average is ONE of the things that I like to have on my side. I also pay...

EOD: Thursday, July 10, 2003 TODAY'S TRADES: (no trades) OPEN POSITIONS: 6/10/03......B......100 MTX @ 48.00.......+ 2.10 6/27/03......B......100 DRL @ 45.10........+ 1.40 6/27/03......B......100 ITT @ 65.00........- .82 7/02/03......B.......50 UNH @...

EOD: Wednesday, July 9, 2003 TODAY'S TRADES: (no trades) OPEN POSITIONS: 6/10/03......B......100 MTX @ 48.00.......+ 2.90 6/27/03......B......100 DRL @ 45.10........+ 1.39 6/27/03......B......100 ITT @ 65.00........+ .01 7/02/03......B.......50 UNH @...

Hello wwatson1, Swingtrading is appealing to me. But daytrading is what I'm about. If I can make consistent cash over time, swingtrading will become more and more appealing. But until then, I gotta stick with what I know. Even if I can make some pretty good cash swingtrading, I'll...

Hello maggandre, I play from the long and the short side. It doesn't matter to me. But my trades are producing only longs at this time. There aren't any shorts that fit my criteria. I wish I had some shorts, at least I would be somewhat hedged. I had only 2 short positions since...

I closed out my FR position today. Here is the chart showing my trades.

EOD: Tuesday, July 8, 2003 TODAY'S TRADES: Sold 100 FR 30.45 (closed last leg of position at breakeven) ***I'll post a chart of my FR trade sequence*** OPEN POSITIONS: 6/10/03......B......100 MTX @ 48.00.......+ 3.26 6/27/03......B......100 DRL @ 45.10........+...

Hi swimmus, I am happy with the way my swingtrading is going...(so far). Thanks for your post. I really do appreciate the positive words. I'm happy that people are benefiting from this journal. Good trading, gotta_trade ***Preservation of capital is the most important...