GoodPunk6's Trading Journal

GoodPunk6 · Apr 16, 2005

Hey,

I had to leave early on Friday so that I could drop something off at NYU.

I made $160 and spent about $5 making it. I had ABOUT 20 buy fills, 25 sell fills, and about 110,000 shares traded.

That was my first up day in a long time. I actually made most of it in NT. All my rebates came from JDSU and SUNW. It's funny, NT had it's first day with decent volume in almost a month and a half.

GoodPunk6 · Apr 18, 2005

Good Morning!

Well this weekend was interesting. Saturday was a well spent day. I enjoyed a nice bike ride through the local park, sacrificed brain cells for some time with my PSP, had a few beers with friends, and slept like a baby. Sunday was even better. I went out with friends, played some wuffle ball, and enjoyed having to do nothing.

The markets sold off hard last week. The question I keep hearing now is, "Can we be entering a new bear market?" The idea isn't that crazy. Even falling oil prices are indicative of cooling demand. Personally, I think that this is simply the market discounting higher interest rates. I don't think its a change of trend but simply a correction. But then again, what do I know?....

Good Trading!

chrisofj · Apr 18, 2005

Quote from GoodPunk6:

Hey,

I had to leave early on Friday so that I could drop something off at NYU.

Hey Goodpunk, got something brewing at NYU? I met a lot of good people that went through that school.

GoodPunk6 · Apr 18, 2005

I had an order get stuck, got filled, and then I lost $548 on it. The firm is busting the trade so that's not a problem. But it's distracting......I'm down $100 now, so my P&L actually reads, "-$646." It's doing a number on my attitude.

GoodPunk6 · Apr 18, 2005

Quote from chrisofj:

Hey Goodpunk, got something brewing at NYU? I met a lot of good people that went through that school.

I know a few people. Someone close to me graduated from there and is going to graduate school there too.

Trader KGB · Apr 18, 2005

Quote from GoodPunk6:

I know a few people. Someone close to me graduated from there and is going to graduate school there too.

Cool, I'm applying this summer for the part-time MBA program beginning in the spring (my employer is paying 100%, hard to pass up free grad degree).

Is your friend attending grad full or part-time? I'm just starting to study for the GMATs and such, let me know if he has any pointers on the application process, thanks! Congrats on your up day.

BuddhaTop · Apr 19, 2005

Quote from Trader KGB:

Cool, I'm applying this summer for the part-time MBA program beginning in the spring (my employer is paying 100%, hard to pass up free grad degree).

Is your friend attending grad full or part-time? I'm just starting to study for the GMATs and such, let me know if he has any pointers on the application process, thanks! Congrats on your up day.

Where do you work? Is it a finance related position? Free MBA is a great deal. Doesn't it cost around 35k a year?

GoodPunk6 · Apr 19, 2005

Quote from Trader KGB:

Cool, I'm applying this summer for the part-time MBA program beginning in the spring (my employer is paying 100%, hard to pass up free grad degree).

Is your friend attending grad full or part-time? I'm just starting to study for the GMATs and such, let me know if he has any pointers on the application process, thanks! Congrats on your up day.

She said, "Get letters of recommendation and have a high fucking G.P.A."

Neodude · Apr 19, 2005

Quote from BuddhaTop:

Where do you work? Is it a finance related position? Free MBA is a great deal. Doesn't it cost around 35k a year?

Its only free if you get good grades. This is the setup many finance employers use:

A= 100% covered.
B = 80%
C= 50%
Below C = 0%

Try getting good grades while working full time, not an easy task.

GoodPunk6 · Apr 19, 2005

Quote from GoodPunk6:

I had an order get stuck, got filled, and then I lost $548 on it. The firm is busting the trade so that's not a problem. But it's distracting......I'm down $100 now, so my P&L actually reads, "-$646." It's doing a number on my attitude.

Hey guys I didn't post yesterday's results because I left at 12pm. I lost another $210 so I decided to call it quits for the day.

Well, after a day like yesterday, I feel petrified. I've lost so much money since the second week in March I really feel undisciplined. I guess it is simply the cost of business.

Good Trading!