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It is really strange that the 500 calls were selling for less than $1. Even more ridiculous that the low of the day was 10cents. Anybody knowing a company like GOOG that came all the way from $747 to $450 in less than 2 quarters should have seen some possibility that a $75 move could come...

Good call. Hope you played it fine with options!

MS Excel

I hope so too, and that I can keep off harmful traits.

You are very correct. I have not given the focus to full automation as yet. It is almost impossible to fully automate my reasoning processes. But the more I encounter these set-backs with my discretionary trades due to some psychological flaws, the more I get the feeling full automation is the...

Weekly Update for week 13 ended 04/11/2008 Embarrassing week, down 10.2K (9.3%). Made a 6.7K gain shorting FSLR on Monday. After that I could do nothing right. Every thing I touched went against me. Add to that inability to get out of a losing position, instead averaging in, and panic...

Weekly Update for week 12 ended 04/04/2008 Moderately positive week, up 2K (2%). Biggest loser was a SPY put option carried forward from last week, closing on Tuesday on that massive rally day for loss of 5K. Other than that, the rest of the week flowed smoothly with lots of little...

At this point in time, I have no desire to trade futures. I do not think I have a working edge there. When I discover that, and possibly able to automate the trading, I might consider adding that to my trading.

I did try setting the Y-axis to logarithmic, the result is attached. It is not precisely what I want to portray. The expected exponential growth turns to a straight upward line.

The commissions and fees (at nearly 2% for the day) looks like a formidable obstacle to me. Have you factored this in your projections for daily profit?

I understand that stocks can rise for no good reason, and in general I do not fade strength that is just starting. I only fade when the move has been underway for some time(maybe a couple of days) and I feel the last "fools" are jumping in this latest push.

I thought I had the copyright on this "Taking x to y By date-z" titles :) Wish you a successful year. It is certainly achievable with discipline.

I thought I had the copyright on this "Taking x to y By date-z" titles :) Hope though you fail in this pursuit. Why not go for the upside?

I guess by "easier" trades you mean riding the trend. Yes I do not trade "technical" as such. But if I see a strong stock, I try to find out first a reason for the strength. It makes for a better trade psychologically for me riding a trend when I have some fundamental support for the move. I do...

In some of these names, I do sometimes short when I think the move in the short-term is extreme, in anticipation of a reversal.

Weekly Update for week 11 ended 03/28/2008 A positive week, up 8K (8%). Racked up some gains in my automated strategies, coupled with a net positive on my discretionary trades. No stand-out trade, but determined to play with consistency and according to the plan. With one trading day...

It would be sad if you happen to be saying the same thing after all this long debate. Have words lost their meaning?

A better advice might be : Wait for another sell-off, may be a re-test of the current lows (1260 on the S&P) and then load up for another bounce. Taking a directional view at these levels either way might be the wrong thing to do.

Yea, it feels at times the market is out to frustrate you as long as possible.

Weekly Update for week 10 ended 03/22/2008 Another bad week, down 6.4K. Made some error of judgement in my discretionary trades and my automated did not fare much better. The worst was shorting GS after their earnings release on Tues on some strange impulse (I guess I can attribute that to...