my day trading journal

kidPWRtrader · Sep 13, 2007

Being 100% serious, JCP wasn't that great to go long on the chart you showed me although it did offer MANY good shorting opportunities after it broke down.

Cash... believe me... the pullbacks are easy to see realtime if you know what you are looking for.

Trade WITH the trend on a longer time frame countertrend on a shorter time frame. This is the basic concept of a pullback.

If anyone else thinks that JCP was ever an unquestionable long on that day then i'd like to see it...

nkhoi · Sep 13, 2007

Quote from cashmoney69:

AMZN

reason for entry: Like on JCP, I saw a symmectrical triangle form,

and breakout, and as usual, I bought at the very top at

88.86..the rest is history.

ROC tells me nothing so I use the diff between 2 MAs, 15MA and 5MA, this is the divergence trade. Each peak has a couple of lower bar in the opposite color.
1) http://i2.tinypic.com/6fj54yf.gif
2) http://i16.tinypic.com/5zgyck6.gif
3) the most powerful due to 2 lower peaks
http://i2.tinypic.com/6as7zf8.gif

Moderate · Sep 13, 2007

nice scalps dere nkhoi

cashmoney69 · Sep 17, 2007

6 trades ( 4 winners / 2 losers)

shares traded: 1400

Stocks traded: RIMM, GS

average winner: 38.00

average loser: 40.90

commission: 24

todays P/L 46.19

cashmoney69 · Sep 18, 2007

16 trades ( 9 winners / 7 losers)

shares traded: 2800

Stocks traded: RIMM, GS, AAPL, LEH, BIDU

average winner: 73.27

average loser: 65.57

commission: 96

before giving back profits: 659.50

todays P/L 104.50

cashmoney69 · Sep 19, 2007

11 trades ( 6 winners / 5 losers)

shares traded: 1800

Stocks traded: RIMM, GS, AAPL, BSC, JCP

average winner: 139.83

average loser: 115.60

commission: 66

before giving back profits: 839.00

todays P/L 195.00

I'm making great money, and giving back way too much :mad:

cashmoney69 · Sep 21, 2007

Stocks traded: GS, BIDU, AAPL, VLO

todays P/L -362.5

nkhoi · Sep 21, 2007

Also remember that Options Expirations days take place the third week of every month, which usually cause choppy markets. âQuadruple Witchingâ days occur in the third week of every quarter. During these weeks, options, stock index options, futures options and single-stock futures options expire, and market players in these instruments rollover or close positions. Again, this creates choppy, unpredictable conditions that can be less-than-friendly to short-term traders and their accounts
-Toni

cashmoney69 · Sep 24, 2007

4 trades ( 3 winners / 1 losers)

shares traded: 400

Stocks traded: WYNN, RIMM, NOV, FSLR

average winner: 67.00

average loser: 23.00

commission: 24

todays P/L 154.00

cashmoney69 · Sep 25, 2007

14 trades ( 8 winners / 6 losers)

shares traded: 3600

Stocks traded: AAPL, BIDU, VLO, GS, SCON,SNDK

average winner: 58.56

average loser: 40.50

commission: 84

todays P/L 141.48