A 70k bet that I can't make a 50% gain in 2009

geez · May 18, 2009

5/18/09:

11:20 1000 SPY SHORT 90.05
STOP 90.25
TGT 90.65

geez · May 18, 2009

Quote from geez:

5/18/09:

11:20 1000 SPY SHORT 90.05
STOP 90.25
TGT 90.65

11:31 1000 SPY EXIT 90.25
P/L -210.08

geez · May 18, 2009

5/18/09:

1:26 1000 QID BUY 37.71
STOP 37.51
TGT 38.11

geez · May 18, 2009

5/18/09"

2:26 700 SKF BUY 43.68
STOP 43.38
TGT 44.28

snake · May 18, 2009

Quote from Mike Morrison:

Does not compute. Typo?

This was a short-sell. That's what he lost money on it going up.

sappjason · May 18, 2009

Yes, but what Mike is saying is that he should have lost:

($30.14 - $30.55) X 800 shares = -328 - $commissh

Not, $-232.20

Jason

nukethewhales31 · May 18, 2009

Quote from sappjason:

Yes, but what Mike is saying is that he should have lost:

($30.14 - $30.55) X 800 shares = -328 - $commissh

Not, $-232.20

Jason

probably rounded the number of shares
notice how they are always even

snake · May 18, 2009

oh yeah...my bad. Probably a math error on his part. Although could just be the wrong number of shares. He doesn't usually have a $300 risk level.

Mike Morrison · May 18, 2009

Quote from sappjason:

Yes, but what Mike is saying is that he should have lost:

($30.14 - $30.55) X 800 shares = -328 - $commissh

Not, $-232.20

Jason

Correct.

Probably a typo. Either share count or loss is wrong. No biggie just confused me at first.

Appleseed · May 18, 2009

Quote from geez:

Sorry if there was confusion Nodoji....
Someone posted here in this journal that sometimes it was hard to go back and find things due to the length of the journal . They suggested maybe starting a new thread for certian things, like trade patterns. I have no problem putting the patterns right here, I was just trying to get some feedback on where it would be easist for the ones who have been following, to looks over the patterns.
ok... 2 votes in..patterns will be placed here tonight...lol

I think a journal can be a great source of discipline for the journalist.It gives him(her) hundreds of watchfull eyes to see if he is adhering to previous stated setups and trade patterns . and also an insight into their execution.
Both parties benefit kinda like a symbiotic (i always to use that word

)relationship

we give the atta boys and G modestly accepts them and continues his journey to his 50%goal.

CHEERS
john