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GoodPunk6's Trading Journal
- Thread starter GoodPunk6
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Haha. Nice reply GoodPunk.
Quote from GoodPunk6:
Hitman the video game????
http://www.elitetrader.com/vb/showthread.php?s=&threadid=4753&perpage=6&pagenumber=1
Quote from kevinkr:
I would suggest trading options on these stocks until you learn. I think it is cheaper.
This advice is both asinine and dangerous. The guy is doing well, he should just keep doing what he's doing. Options aren't cheaper because the options market on something like NT is not liquid and the spreads are awful.
Good morning!
nkhoi,
I was reading some of Hitman's posts from his earlier days and I could see the similarities. It's true, every new trader beats themselves up. But thats part of the learning process, right!
TeddytheTrader,
thanks for the kind words. I think trading the stock is the best way to learn to trade,.....stock.
This morning I began reading the hardcover copy (I had a bad .pdf on my pocket pc) of Technical Analysis of the Financial Markets by John J. Murphy. There's some great stuff in that book. Now, not that I'm an expert, but if you look at a daily chart of the Dow, you can clearly see that the Dow is near an area of support. As of late my trading has leaned more with the short side, but if we are going to bounce off of support, then I need to adjust my trading strategy for the change of trend. NT is also close to an area of support. It's 52 week low is $2.92 and its currently bidding at $3.07. Until NT gets closer to that price, I'll maintain my bearish attitude on the stock.
Good Trading!
nkhoi,
I was reading some of Hitman's posts from his earlier days and I could see the similarities. It's true, every new trader beats themselves up. But thats part of the learning process, right!
TeddytheTrader,
thanks for the kind words. I think trading the stock is the best way to learn to trade,.....stock.
This morning I began reading the hardcover copy (I had a bad .pdf on my pocket pc) of Technical Analysis of the Financial Markets by John J. Murphy. There's some great stuff in that book. Now, not that I'm an expert, but if you look at a daily chart of the Dow, you can clearly see that the Dow is near an area of support. As of late my trading has leaned more with the short side, but if we are going to bounce off of support, then I need to adjust my trading strategy for the change of trend. NT is also close to an area of support. It's 52 week low is $2.92 and its currently bidding at $3.07. Until NT gets closer to that price, I'll maintain my bearish attitude on the stock.
Good Trading!
Hey guys!
I didn't post a report yesterday because I didn't trade. I lost my wallet the night before so I had to take care of other stuff. But I'm here today and ready to rock! I don't feel well rested but it's not enough to make me feel groggy. I think I'll be just fine.
Good Trading!
I didn't post a report yesterday because I didn't trade. I lost my wallet the night before so I had to take care of other stuff. But I'm here today and ready to rock! I don't feel well rested but it's not enough to make me feel groggy. I think I'll be just fine.
Good Trading!
What a shitty day!!! I lost money in the morning, lost more at lunch, and staged one of my glory comebacks in the afternoon. Unfortunately, I spent a shitload to get gross positive.
I made $71 and spent about $150 making it. This sucks.....
I had 28 buy executions, 35 sell executions, and 195,200 shares traded.
I lost more money this week than I did all month. Monday is the last trading day of the month, so I need to go out with a bang. That's the day that will affect my paycheck.
Have a good weekend guys!
I made $71 and spent about $150 making it. This sucks.....
I had 28 buy executions, 35 sell executions, and 195,200 shares traded.
I lost more money this week than I did all month. Monday is the last trading day of the month, so I need to go out with a bang. That's the day that will affect my paycheck.
Have a good weekend guys!
What a day!! I was up all day until about 3:35pm. I got stupid and shorted 15,000 at $3.22 and covered at $3.23. That made me negative $23. So I shrugged it off, Shorted $3.26, and covered it for a penny. Long story short, at the close I was up.
I made $214.50 and spent about $90 making it. Today wasn't as good as I wanted it to be, but definetly good enough. It was definetly a rollercoaster.
I had 17 buy executions, 17 sell executions, and 119,000 shares traded.
Tomorrow will be a much better day!
I made $214.50 and spent about $90 making it. Today wasn't as good as I wanted it to be, but definetly good enough. It was definetly a rollercoaster.
I had 17 buy executions, 17 sell executions, and 119,000 shares traded.
Tomorrow will be a much better day!
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