Last Pieces of the Puzzle Journal

I am a great trader. I thought I would take a moment to pat myself on the back. As I look at the worksheet that I keep over the last 4 months I have most of my days highlighted green. And although I've had some big drawdowns during this time I have been able to build the account in a very consistent manner.

MON -($396.50)
TUE -($1,425.27)
WED -($487.92)
THUR +$30.16
FRI -($1,133.65)

WEEK TOTAL = -($3,413.18)
That was my trading results for the week of Sept 24th - 28th 2007.

I wanted to show you my results for this same week of November last year but Sept 28th, 2007 was the end of my account (KABOOM) until Nov 13th. Another deposit. November 28th, 2007 (KABOOM) Then no trading until Dec 31st. One more (KABOOM) in 2008.

So, if you've read this far down you may be able to tell that the 1st sentence of this post is really bullshit. but I'm working on it.

NOW-FOR THOSE OF YOU WHO PAY EXTRA HERE ARE THE "REAL TIME" RESULTS:

FRI. +$435.85 net
9:43 am

Week Total: $2,700.75 net

Have a great weekend fellow warriors.

http://www.youtube.com/watch?v=u05Qot_yh9c
 
Quote from Builder17:

nice. I bet that was tough to walk away all day. I'm enjoying your journal and wish you continued success. I know from my own experience it feels good to hit those home runs (for me +1000 day), but more often than not when i tried to swing that hard it only ended up going against me for the same amount. But thats just me and I've especially become more conservative in the past two months after getting slammed.
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Builder, thanks. Sorry to hear about a couple of bad months for you. I'm sure that if you have a passion for this you will do the right thing and find a way to rebound.
 
Posting early because I had a bad morning and I want to move on, get ready for Tuesday. I was above my goal of +1point = $400 twice today, but was gready for what ? $50 more, then my positions dropped, dropped, dropped, and I added pore positions and more size than I wanted, and hit my stop.
-(around $2,200)
I'll post exact net on Tuesday.
 
I think one of the main differences between having a losing day now or having one 6 months ago, or much further back, is that now I do not lose my confidence. Before I thought I could trade. Now I know I can, I just have to keep on the plan.
It really sucked Monday, spending the whole day & night after getting closed out for the day, knowing that :
1) I was above my goal for the day twice +1 point or $400 and didn’t lock it in
2) I went from a +$400 gain to a –($2,200) loss or a –($2,600) swing.

Today my game plan was tight once again.
ANR +1.04 @ 400 shares = $417.
HPQ closed at 0 +/- @ 400 shares = $0

+$403.28 net
Total time = 4 minutes
 
Not much of anything today. I’m happy I did not hesitate to close my trades when I hit my daily goal of +1.00 point = $400
When my account size reaches lofty numbers I will stay in the game and “play” a little, but now it is all about the daily goal.

FDS +.73 @ 400 shares = $292.
PKX +.03 @ 400 shares = $12.
SJM +.30 @ 400 shares = $119.

+$402.64 net
Total time = 9 minutes
:cool: too much exposure can be harmful...
 
I haven’t posted in about a week…I was stuck in the washing machine on the “spin” cycle.

I had been going about a good 10 days of meeting my daily goal before I would fade away from “very strict” discipline and have a loss. I had been able to regroup the next day and proceed. But these last 5 days had me fall a few times before I was able to crawl out 2 days ago.

On 11/20 I made a number of mistakes. First, I raised my share size from 400 to 500, but did not raise my loss accordingly. I had my daily loss set at 5x my share size, but now it was set to 4x. Secondly, I opened too many positions, and hit my daily loss of -($2,000) very quickly. Thirdly, I called and had my stop pushed out to –($3,500) for the day, and being the screw up that I can be at times I hit that too –($4,015.06) net

11/21 Back on track +$504.23 net

11/24 Too many positions, but I did drop my share size back down to 400, so my stop was correctly adjusted –($2,061) net TOO MANY POSITIONS AT ONCE!
I spent at lot of time racking my brain Monday night, contemplating changing my money management, writing on napkins while I was driving home, churning thoughts over and over, trying different formulas on my Excel worksheets, churning, churning…I finally went in circles long enough that I got dizzy, fell over and realized that I have actually been doing really good, but I just have to stick to the plan (as I have stated in this journal, as every trader knows and every trading book will tell you…discipline & money management!!

11/25 I was back on track, hit my daily goal = +1. point [$400] Later that day a placed a few small trades (100 shares) made a little money…then I saw an opportunity and decided I would risk my gain of the day and have a very tight stop…I went in for 4000 shares and after a half hour of little to no movement I exited with a .50 gain=$2000
+$2,583.20 net

11/26 +$562.82 I hit my goal today. In my large trade on 11/25 I stayed in the trade a little too long and gave some of that gain back. Today I was out too early. I pulled +1.43 out of RTP, but if I stayed I could have made +7 more points. Does that make me any smarter? I think not +$562.82 net

turn up the volume...happy turkey day.
http://www.youtube.com/watch?v=WFMuz2zx6-E
 
The short trading day always scares me. I fear getting into a losing trade and there not being enough time to work itself out…

For the first time ever I have posted back-to-back ++$$ months, although just barely. If I didn’t have a few stupid moments the account would be in much better shape. I think about how many months(=years) that I have traded and the fact that I have never put 2 good months back-to-back is surprising and a bit disappointing, and a smack to my ego. Having 2 good months at all is actually been so difficult that I am hopeful that the learning curve is now going in the right direction.

11/28
FRO 400 SHARES @ +.60 = +$238.00
MYGN 400 SHARES @ +.22 = +$88.00
RIMM 400 SHARES @ +.08 = +$32.00
SPWRA 400 SHARES @ +.10 = +$41.36
SRCL 400 SHARES @ +.18 = +$71.60
TEVA 400 SHARES @ +.08 = +$32.00
TOT 400 SHARES @ +.12 = +$46.00

+$507.92 net
 
Quote from TheAngryHermit:

Good job, dude! Keep it up! :D
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Thanks Angry, all comments are welcome here…especially nice ones.

Today started off OK. I was more-or-less green from my first trade. I was teetering around my goal, which is currently trying for +1.0 point on 400 shares = $400. My unrealized profit was going from above $400 to below, above, below. I tried closing as it was above, but closed out at +$388. I thought I would make a quick $20 and be done. (10:16 a.m.)

Well, I hit a snag…FLS fought with me for a good portion of the day, as I traded other positions. At one point I was down about –($700). But, I stuck to it and ended.
(1:40 p.m.)

+$471.22 net

BBL +102
DEO +31
DVN +334
EOG +194
FLS --1,374
FMC +112
FSLR +1252.45
GS +95
HES –343
NBL –121
PRU +35
PX –40
ROH +76
RYAAY –15
SINA +6.40
SLB +60
URS +244
 
A pretty smooth day.

TOT 400 shares @ +.48 = +$192.00
TS 400 shares @ +.60 = +$239.00
UBB 400 shares @ +.19 = +$74.00

+$489.60 net

(9:50 a.m.) east coast
 
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