A huge game psychologically as I absolutely had to win this one to offset some of the emotional damages I took on Friday. I already told her on Friday that I will need the weekend to heal some of my wounds, but there will be no collapse and by Monday I will come out strong.
It feels good to be true to my words as I am $120 away from my first five digit month since last March, with 3 games left on the schedule. For the first time ever, none of my top 4 winners of the day came from sector trading, that is the depth I always wanted.
10700 shares each way on 10 of 17 shooting, +1402 before commissions, +1154 after, 1 bullet.
Pre-Market: Housing numbers at 10AM made me think it is a gap and trap. Lower oil price but sector feels too strong.
9:30: The biggest lift I got from Don's open strategy since I started. 31 cents off C long, 30 cents off TYC long, 20 cents from AXP, 2 cents from HON, and LOW for whatever the reason I got only 200 shares filled and I scored a quarter point on it.
9:45: Bulleted MDC at 44.20 and did a horrible job holding on, got just $200 after bullet cost while the stock came in 2 points. Natural shorted HOV and got 35 cents. When the housing data was better than expected on Bloomberg I went long 300 shares LEN as it came in and CTX showed a BID and seemed to be ready for a big upside spread, ouch, I lost 60 cents on that one buying into a sell on the news, thankfully I didn't take too much.
10:00: Some guy from help desk called and said the specialist made a mistake and he thinks I can use 600 shares shorted from the open print now the stock is trading at 44.90. What a gift! Knowing me, with the full 800 shares I would have probably got 30 cents out, in this case I scored 45 cents (still left a lot on the table however).
11:20: Tried bottom pick ELK (predicted a Tony Oz reversal) and broke even. Scored 80 cents off MHK unfortunately via just 300 shares (it was the dead zone and market was tanking afterall) on a Tony Oz reversal.
2:00: Bottom picked SPF/KBH/MHO but I was totally caught off guard by the strength of the sell-off after what was a hard rally, ended up scratching the afternoon session.
I WILL NOT COLLAPSE, BECAUSE I HAVEN'T GAVE UP. I WILL BE STRONG, I WILL BE FAITHFUL.
Team Stats:
8 of 10 active traders
51300 shares each way on 27 of 65 shooting
+1916 before commissions (5 of 8 positive)
+644 after commissions (4 of 8 positive)
Top 3 Symbols: MDC, LOW, C
Bottom 3 Symbols: PHM, MXT, LEN