NoDoji's Day Trading Log

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One of the largest traders of CL who runs a hedge fund with money from Citi did in fact contract to hire some oil tankers to hold oil till the price increased. He is owed a $ 100 million bonus, but since C is bank, there is some concern of paying him this bonus.

I had a poor day trading today, did not follow my rules and got burned a little. I will do better in the morning.

For a swing trade, I bought GE June puts and sold the lower puts to help pay for them. They are very inexpensive and should make some money if the market turns down next year. Stop is obviously the premium I paid, and allows me to stay in the trade a very long time without worry.

I previously bought SPY put and made profit on that in a single day. I wished I did that instead of trying to swing trade the ES today. I rather stick with scalping the es, that way I can be in and out my trades quickly. I like the GE put rather than the SPY put due to the fact its less expensive and I can hold it for many more months. Also GE is up much more than the SPY in %, so I see it moving down harder if the market tanks.



Quote from NoDoji:

If I'm long a CL car on expiration, does a big ole truck drop off 1000 barrels of oil at my house?

It's always Indian summer here; already been out with the dog and will be spending most of the rest of today outside. :cool:
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+$112

Slept in and started well after the open today. Short ANF @ 41.75 after a solid failure to break through range resistance; covered @ 41.18 pivot off oversold for +$112.

Considered shorting the second round of range consolidation, but with the recent effervescent bull market action and ANF’s high short interest I thought it would bounce before making new lows. I was wrong and missed a very nice continuation move down.

Market seemed range bound and choppy after that, so I decided to take a break and check out the action before the close. Still seemed choppy and range bound so I’m calling it a day.
 

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Heh, I was checking ANF as it inched closer to LOD@41.52, but had to go to the bathroom...sohuld have set the order. Or take the laptop with me.
Sound familiar? ;)
You're back on track, dear. Real happy to see that! Keep'em comin'!:cool:
 
Quote from BostonKiller:

Heh, I was checking ANF as it inched closer to LOD@41.52, but had to go to the bathroom...sohuld have set the order. Or take the laptop with me.
Sound familiar? ;)
You're back on track, dear. Real happy to see that! Keep'em comin'!:cool:
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That's funny, because I saw ANF range bound and watched it for a while, thought I'd grab a cup of tea, BUT...

...believe it or not (and I think this is a first), I actually remembered what happens every time a stock has a good setup brewing, but hasn't quite winked enticingly enough at me from across the dance floor, and I think, "This is boring, I think I'll [grab tea, have a snack, hit the can]..." only to return and find price has moved heavily in my favor without me.

So I put on the trade FIRST, put in my stop, made a cup of tea and returned a few minutes later to find price had moved nearly .50 cents in my favor.

With me!
 
Quote from NoDoji:


So I put on the trade FIRST, put in my stop, made a cup of tea and returned a few minutes later to find price had moved nearly .50 cents in my favor.

With me!
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Just shows that you have a lot more confidence now. \
Really happy to see that, NoD, I am!:cool:
I think (and thought for a while), that you "know" enough, it's just something happened to make you lose that killer instinct for a while.

It's back now and the market must take notice :D
 
+ $184

Short ANF @ 41.30 pullback from lower high. Covered @ 40.83, pivot from just below yesterday’s low, for +$184.

Not too long after this trade as I was watching for a re-entry at the falling EMA to the short side expecting a second push down, I took a sip of my nearly full cup of tea and went to set it back down on the coaster which I inexplicably had covered with a napkin, placed the cup on the edge of the hidden coaster, and it commenced to spill everywhere, mostly on my mice and my vintage 1986 IBM Model M keyboard. I’ve been meaning to dismantle and clean that keyboard for a few weeks now, so I guess this is my incentive. Spent quite some time cleaning up the mess and then found that the mouse for my trading platform failed and I had to find a replacement.

NOTE: Have replacement mouse/kbd on hand.

I’m still sim trading CL very successfully, but always leaving far too much profit on the table. Tried an NG trade in sim today, too, but I like CL better I imagine because I’ve been playing with it for weeks now.
 

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Quote from BostonKiller:

Hmmm...Patton, re-phrased?
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HAAA...... Actually the movie PATTON was made in 1970. Lockheed made training films back in 1940's. Sounds like some movie person swiped the line from the training films.

Unless something happens to excite the industry..............it looks like many have basically closed the books for the year and will be getting into the holiday cocktail circuit. Why chance a great run since March many must be saying to the boss. :) Just daytrade stuff mostly until the contest of peers starts all over again next year.

http://www.youtube.com/watch?v=fNEmGaAplgI&feature=related

http://i2.ytimg.com/vi/uknuyxaYJA0/default.jpg
 
"No bastard ever won a war by dying for his country. He won it by making the other poor dumb bastard die for his country."

- Attributed to General George Patton Jr (from "A Genius for War" by Carlo d'Este)
 
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