February Trading Journals

I do not like having overnight positions. I have an allergy for overnight positions. More than 2 years ago had GLW 500 shares short overnight, the next day it opened 12 points up. The memory is very fresh. If by mistake I do get caught in a position I am trying to close it on REDI or INSTINET if I can not that is my fault, have to be more careful.
 
If it makes you feel better, I'm long 1,200 shares spread across ESST, MCRL, PCSA, QQQ and MUSE. Holding overnight is an unwarranted psychological fear that only day traders experience. The gaps both directions from overnight holds negate the risk to almost zero in the long run. Of course nobody else seemed to want to hold JBL overnight so thats not good, but I doubt you'll lose much if anything monday. I predict a rally Monday morning due to the oversold condition of the market... Looks like my positions are up $200 since the close already. :)
 
Who let this 5-year old in here? Geez, can someone shut him up please? Or is there an ignore user function? This guy does nothing but bust on Hitman.

Originally posted by Shorteee
Well if you look at Dec 19 2001 JBL closed at around 25 bucks but the next day Jan 20 JBL open at 21 even. Now if you took home 500 shares of this stock on the 19 you would be down an even $2000.00 bucks.

OOOh not good but think of it this way JBL declares chapter 11 on Monday morning they halt trading in this stock what is the worse that can happen. Just when you think there is light at the end of the tunnel it is really a train an the wreck is about to begin.


Hitman have a nice weekend.
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It's called jealousy!

Good trading today Hitman. Maybe one day, I can be as good as you. I'm sure you will make money on this one.

Shortee, get a life.

Mark
 
original post by Treykool

Well, reading through the "Traits of a top trader Re: Wordlco" thread, I am completely embarassed. What has this industry come to? At least at the firms I used to work at, all traders were treated with utmost respect. This here looks more like a 1st grade playground. Gosh, where do these "professional" firms find these guys? Professional day-trading/proprietary day-trading already has a bad wrap. Why perpetuate it by behaving in such an immature way?


Treykool you are so so anal retentive I can't imagine the way you must walk.
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Originally posted by Shorteee


Treykool you are so so anal retentive I can't imagine the way you must walk.
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Shortee you are such a loser I can't imagine you having any friends. (It must get lonely, huh?)

Why don't you try finding something better to do than wasting your time on the internet insulting people due to your immature insecurities.
 
Originally posted by Treykool


Shortee you are such a loser I can't imagine you having any friends. (It must get lonely, huh?)

Why don't you try finding something better to do than wasting your time on the internet insulting people due to your immature insecurities.
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I second that!

Mark
 
Dearest Brother Shorteee,

Loosen up on the Hitman bashing, please... its the weekend, and we have a right to enjoy it without witnessing a virtual boxing match.

With the sincerity of brotherliness only found amongst fellow trading warriors.

Your Brother,
Candle
 
Trading is fun!! May all evil-doing, non-democratic countries which don't have Stock Exchanges be punished, and let's build Stock Exchanges in em once we have brought em to justice... God Bless America and God Bless Trading!
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Brother Candle,

LOL LOL LOL

nitro:D
 
Dearest Brother Nitro,

It is with humble honor that I thank you for your LOLs. Your LOLs are significant, since they indicate an appreciation for me from your perspective.

With brotherly trading love,
Candle
 
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