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slow day today but gold sure moved higher natural gas hit seven year lows while gold was stronger today. I did end up trading a couple of gold stocks with modest success. After carrying over SEPR and watching the news about it last night I went to bed thinking that I probably was not going...

Hi Hermit LOL thats funny. couple things to keep in mind. It may appear that I was unlucky but I short stocks every trading day of the year that are making new highs and this is the first buyout in the last two years so I think it goes with the style : o ) Second thing (and the one I...

Hello Trend Fader, Thanks for saying so. the journal has been a lot of help to me. I am currently totally flat as of this post and I have gains for the year that are greater than 25K as the end of Aug and I have been up over 150K for the year at the highest point. I may have been down...

Hello kxvid, thanks for your post and thanks for your ideas. I would agree that some of my trading with AIG was no better than going to Vegas. I have scaled back my trading size even with low dollar stocks and that has allowed me to make money even with SEPR that was bought out. Thanks...

Hello Love Trading, (cool handle BTW) I totally agree with you. What worked in size before my HAR drawdown doesn't work in relation to my captial now. down sizing has brought me back to my slow but steady approach and it works. I hope your trading goes well and best to you Robert

Hello Madison, Thanks for taking the time to post and I appreciate your thoughts. I can't agree more about allowing emotion getting in the way as many rules were broken and it turned into amateur hour for too many days. With that being said I still maintain that AIG was not the problem...

Quick update of SEPR I watched the Tokyo market with the buyer and while they did climb in price on the news they fell from there as the day went on until I went to bed. the calculated buyout price with a an offer of 2.7 billion dollars came in at somewhere between 23 and 26.50 depending...

Traded again today much smaller and book a gain but on a losing trade I booked a gain with SEPR but it appears I will be taking a hit with it tomorrow during the open. I was short today when it was halted pending news of a buyout and since all the wires are carrying the news it I assume it...

The rumors of my death have been greatly exaggerated + 473 for the day I do expect to take a hit in the morning as I am short SEPR and it was halted today as it appears its going to be bought out. I was trading small size again today and actually was lucky enough to cover some shares...

Hi One2, I wish you great success with your journal and your trading. I have seen from chat that you appear to have a very good grasp on what your doing and I sure your journal will reflect that as well. For those that want to follow One2 which I have no doubt will happen I have seen...

Hello bwolinsky, good question. I tried Covester but it did not accurately reflect my actual gains. They state that the results are a time weighted average but they have not actually integrated the reporting to be time weighted. As I normally take money out of my account every month...

Hello stockboy201, Yeah AIG has sure been crazy lately. I don't think that in itself has been my problem though. My problem has been my trading and not following rules of entry and exit. You can never let your guard down or you ease into a state of allowing a major beating. Best to...

Hello teleskop, Sure looks like your right and at the same time I can say that I am not really trying to. Its the mistakes that are made that I would not otherwise be making that caused the loss in Aug. Thats why today even with a low value stock like SVA I traded very small and stayed...

Made some changes to my trading day today Starting out I downgraded as I said I would the lot size and the size of the spacing in lots. This did not actually matter in a material way for risk today as the trades I was in worked well from the start. I traded SVA again today and did so...

What a journey and what a difference a day can make. as i said i would i have downshifted my lot size and gone back to "training mode" to be able to prove that I can actually execute the plan. so today was not as much about gains as it was about following the plan without mistakes. I was...

Yes, and including time based stops for the opening gaps but I have not done a good job (obviously) of using them. The last few weeks have been a good example of how not to trade I am downshifting my trade size and adjusting my trading account so that even I am forced to get back in...

pbj right you are Not sure why that is tough to do at times but I did get off the train today to clear my head and quit the opening gaps that have caused some issues last week and today Best Robert

Hi QQQBALL, I think I understand what you mean about going out and buying something after a tough day. I could have bought that new TV I been wanting for over a year with just some of what the trades lately cost dropping the opening gap trades for a while. I am just going to trade my...

Hello monti1a, Thanks for posting it again. I learn slowly at times. Will be downshifting once again starting tomorrow. I hope trading is going well for you Robert

Hello TraderSU, thanks for your post. What can I say beyond its been brutal I hope your back testing is going well. Best to you Robert