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Weekly Update for week 31/50 ended 08/15/2009 Negative week, down 16K (4.8%). Struggled all week to keep positive, but finally gave way on Friday. Kept the upward bias on the market, and on individual stocks for the most part. Was whipsawed on Tuesday on FLR. Found it hard to stay away...

Anyone doubting the frustration of the OP probably hasn't traded stocks recently. You see a stock bid 10.20 ask 10.23. You send it an order to buy 5000 shares @ 10.25. All of a sudden the new bid becomes 10.26, and you do not get a fill (not even 100 shares - the minimum ask size). If it happens...

Weekly Update for week 30/50 ended 08/08/2009 Nice week, up 27K (8.7%). Should be more but gave back a lot on Friday. The bias continues to be bullish with calls on SPY options. The best trade was SPY call on Wed, Bought the pull-back, 200 contracts of SWGHV @ 2.08, added another 200 @...

I believe you mean since I placed my first trade, even as a rank novice. Since Dec 1999. First 5 years (till Oct 2004) were learning (tuition) period: cumulative loss of 54K

out (600 SWGHV @ 1.88). Not the rebound hoped for

Added another 300 contracts @ 1.80

Now cursing myself for leaving a shit load of money on AIG puts

That was a quick one on +AIGTY (In 3.50 avg, out 4.30), 200 contracts Now in +SWGHV (300 @ 1.90). Waiting for the rebound in SPY

That part (discretionary trading being a losers game) is very wrong. It is true there are a lot of personal prejudices and dispositions that may impact performance, but the aim should be to minimize or eliminate them. One way to minimize the impact of psychology is to make the conditions for...

A lot of posters on ET are kids in school or just dopped out of school, who cannot muster an account size of 10K. When they talk in absolute dollar terms they think everybody is like them.

Weekly Update for week 29/50 ended 08/01/2009 Moderately positive week. Up 5.6K (1.8%). Should have been a decent week, but gave back most of that on Friday. The bias for the week was bullish in the market, making a number of purchases of SPY and SPY options for my discretionary trades...

I feel your pain on that HAR trade. Today I shorted WTFC @ 25.3. 25.55, 25.75, 26.20, 26.30, 26.40 for a total of 24000 shares as the stock kept appreciating (for the umpteenth day). At one point it seemed I was the only one selling the stock. Was preparing for a wrecked week as it went up to...

Not sure what you are seeing, but the net balance is 306,347, not the balance from prior week. I update a text file, not a spreadsheet.

Weekly Update for week 28/50 ended 07/25/2009 Another good. Up 34K (12%). I guess confidence begets confidence Made a record number of trades for one week (52), as earnings season brought a plethora of automated trades/alerts. Rode the momentum in the market using stocks and options...

Weekly Update for week 27/50 ended 07/18/2009 Nice week. Up 46.5K (20%). Hope the bottom is in place. The week started on a good course on Monday, buying GS 145 calls after the bullish comments from one Meredith Whitney (the market apparently believes her spot-on call on citigroup nearly 2...

The stock fell faster than I anticipated. In such cases, I just have to lock in the gains on the puts.

My day is made. Getting out! 300 AIGSN out at 1.45 (bought 0.70), 200 AIGSO out at 1.78, bout 0.99). Not asking for more.

So the rally in AIG is over for now? Glad my puts this morning are making money. Hope it holds!

How? Are you saying if I have 200K, spending 60K on a stock position for a day-trade is outsized?

Weekly Update for week 26/50 ended 07/11/2009 Moderately positive week, up 4.2k (2%). Nothing remarkable on the discretionary front other than Wed when I decided to step in on the end of day rebound after several days of sell-off, making 6K. Marred by a decision to short the rally in RIGL...