10-03-03
Well a very slow narrow day today other than lastt hour. That huge gap ruined they intraday action, but thats par for the course.
Id like start with pointing out the fact that if i would of held my AMZN swing i would be up like 4 poiint in 2 days ....shit happens...im not ready for swing trading right now. I would like to get into it more in the future though. Will prolly get a different account for it though.
Also i was going over each of my trades, and ive noticed i have quite a few loses between .01-.05. These were all nasdaqs that were suppose to breakeven trades, but due to the fact i donthave nasdaq stops its been hurting me. Thats the wonder of keeping god stats in your trading...you can find lil things like that that will help your trading. So all newer traders out there...KEEP GOOD STATS!!!!!
Ok my trades for the day...
I took SEBL long after the open at 11.28 and took profits at 11.40. Nice gap up and stayed strong first few minutes, so took the long on the breakout.
I also took AMZN long at 51.19 on the breakout the first few minutes, same type of trade as SEBL. took some profit at 51.52, and 51.27. Made some money on Amazon..its my revenge for getting rid of the swing lol...:eek:
I took FHCC short at 26.03 ...didnt do much so jumped out at .01...made a couple pennies.
Took UTX long at 81,82. It has a very nice base formed on the gap up. took some profit at 82.57, and stopped out the rest at 82.33. This was a very nice trade and i managed it perect. Need more trades liek this. reason i managed it good is cause i have stops. Stops help alot with the emotion in my trading. that is why my nasdaq wins arent as large as my NYSE trades.
I took XMSR short at 15.79 when teh market started to get weak into afternoon. It went my way about .08 and then i just put in a BE stop cause ididnt want to risk much. Ended up taking my BE stop and then fell
Best day ever today... grossed +$174.41 today on 1800 shares.
Weeks stas : +49.61 on 9700 shares. Small Net lose for week. Not a big deal. I keep getting told to look long term and not week to week..one of those things i need to get over. But stayed alive this week.
Everyone have a great weekend!!!!! GO TWINS!!!!