GoodPunk6's Trading Journal

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Quote from SammySOESa:

please tell us they're paying you a salary, and aren't just giving you a cut of your net. with all the high volume commissions you've been churning for these people the past 2½ months, compensating you for your time is the least they can do.
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I get a cut of my net. But I don't mind at all. They put up the money, I put in my time. It's really a fair deal.

As far as trading higher beta stocks go, I don't think I'm ready for it to tell you the truth. I want to make sure that I'm profitable, on a consistent basis, trading stocks like NT, LU, and CPN. Once I feel really comfortable trading those stocks, I'd like to move onto stocks that move a little more. But that will come with time.

I'm feeling a little tired this morning, I don't really know why because I slept 8 hours last night. As soon as I got on the PATH train I began reading my book (Technical Analysis of the Financial Markets by John J. Murphy) when suddenly, I was at 33rd st in NYC. It was only a 20min train ride, but it felt like a blink of an eye.

I feel fine now, but I just think it's strange that I'm tired when I get to work. I used to feel fine sleeping 8 hours a night. Maybe I'm just used to sleeping that much?

Good trading!
 
Well guys,

I have to wait and see my trader report to know if I made any money. You see, I took SO many flats today but I was getting filled on BRUT and hitting INET for the flat. As you may already know, you get credits for using these ECNs. Either way, I made $183 and spent ABOUT $130-190 making it. I wish I knew, but I'll let you know tomorrow.

What a crappy day! I had about 6 profitable trades. Once you see my volume and executions, you'll see what I mean. I just couldn't get on the right side of the market. And to make things worse, I would get filled, then it would go against me, I would take the flat, then it would run 3-4 cents in the direction I wanted it to go. There were 5 different occassions where I was long or short 10,000 shares and this happened.

I had 29 buy executions, 40 sell executions, and traded 208,700 shares.
 
Hey guys,

I came in late today because I had a couple of things to do this morning. Either way, I feel good. It's a little slow right now but I know it'll pick up as the day goes on.

Good Trading!
 
Well I came in at 12 and I got some decent action today. I made $100 and spent about $18 making it. It will actually be less because I traded 15,000 shares on BRUT today. That's $15 in credits.

I had 4 buy executions, 5 sell executions, and traded 30,200 shares.

My day was short but not bad. Tomorrow will be a better day!
 
Hey guys!

Got here a little before the market opened so I didn't get a chance to write an entry. Well, It's about 10:50am right now and I haven't made jack. NT printing like crap so its tough to get filled.

Good Trading!
 
Question for you: do you have the means to stay in one of those rare trades that rolls like a runaway train in your direction? Or are you strictly scalping for pennies?
Thanks,
Pete
 
Wow,

what a sell off! The dow fell 1% in the last hour of the trading day. It was nuts. Not that it matters because I trade NT. Whatever.....

I made $151 and spent about $80 making it. It was slow all day.

I have 13 buy executions, 13 sell executions, and traded 67,800 shares.
 
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