NoDoji's Day Trading Log
- Thread starter NoDoji
- Start date
- Status
Quote from TheAngryHermit:
After waiting an excruciatingly long 2 1/2 months to see a loss posted by "the one", I'm left, strangely enough, unsatisfied by it.
In fact, I have the same feeling in my gut that I had on the day I discovered there really wasn't a Santa Claus.
I need a beer and a hit from the bong.
What??? No Santa Claus??? That explains everything!
Sorry to hear about your loss,but its part of traders life.Only thing I do not like is that you turn a winner into the looser.Once a winner, always a winner,you read that book by Oliver Velez.AAPL,GS,HANS,ORLY are very fast moving stocks,you can not think trading them without stops.Once I am 10-15 cents in profit i pull my B/E stop.But still you have very good trading record,only thing is you have increase your shares to make more $$.goodluck.
Quote from TheAngryHermit:
I need a beer and a hit from the bong.
Believe me when I say this:
You want those in reverse order
Hey Nod,
Sorry about your day but as we all know its only a day.
I also wonder what we do to our long term results worrying about things that we cant put into the bank like "days in a row"?
What you been doing is working and working well. So I say congratulations on a very nice start to the year.
I look forward to seeing your gains the rest of the week in the chat.
Once again great job this quarter !!
RW
Sorry about your day but as we all know its only a day.
I also wonder what we do to our long term results worrying about things that we cant put into the bank like "days in a row"?
What you been doing is working and working well. So I say congratulations on a very nice start to the year.
I look forward to seeing your gains the rest of the week in the chat.
Once again great job this quarter !!
RW
Thanks Bob, so true!
(Actually my winning streak was only 1 1/2 months, I added a month unintentionally - hee, hee!)
After reading Alan Farley's 3 ways to make a profit, I calculated more important numbers than "days in a row" and it really gave me a confidence boost:
56 trading days to-date.
50 winning days
6 losing days
Average winning day = $452
Average losing day = $838
Now, I'm ready for one of your $10K winning days
+ $1099
Watching BBBY for test of yesterdayâs high, but instead of being patient, I entered on a stall in the action at overbought @ 24.76, stop @ 25.00, hit for a $118 loss. In retrospect I shouldâve set a tighter stop at that price level, because the stall should fall and if not, the test of yesterdayâs high was definitely on.
Bought 5 APR $100 AAPL puts @ 2.48, stop @ 2.00. Closed the position for a $115 gain after the large drop seemed to stage a failure to make a new low at oversold. This is a case in which setting the stop to b/e wouldâve worked well in my favor, but I thought there would be a larger bounce to replay the trade.
Through IB (canât short it with Etrade), put on a decent short position AIPC @ 33.43, covered later in the 33.60-33.70 range for a $1077 gain.
Short BBBY @ 25.21 failure to make a new high, overbought, stop @ 25.31, which would indicate a violation of previous resistance. It dropped to 24.86, quite oversold, but I wanted to try holding it for a larger move. In fact my original thought was set stop to b/e and close the position at the end of the day. But instead I moved my stop to 25.12, just above previous resistance and it was eventually triggered for a fill @ 25.08 and a $66 gain. If Iâd stuck with my much-loved strategy of trading moves from overbought to oversold, I wouldâve had a $160 gain and the chance to short two more moves in the meantime, then short for the final big move down. Alternatively, I couldâve left the stop near b/e and stayed in the trade all day for a great profit. Fantastic setup, but very poorly managed trade.
Also because the setup on the second BBBY trade was so much stronger than the original setup, I should've put on a larger position. I wasn't thinking in 3-D today.
Watching BBBY for test of yesterdayâs high, but instead of being patient, I entered on a stall in the action at overbought @ 24.76, stop @ 25.00, hit for a $118 loss. In retrospect I shouldâve set a tighter stop at that price level, because the stall should fall and if not, the test of yesterdayâs high was definitely on.
Bought 5 APR $100 AAPL puts @ 2.48, stop @ 2.00. Closed the position for a $115 gain after the large drop seemed to stage a failure to make a new low at oversold. This is a case in which setting the stop to b/e wouldâve worked well in my favor, but I thought there would be a larger bounce to replay the trade.
Through IB (canât short it with Etrade), put on a decent short position AIPC @ 33.43, covered later in the 33.60-33.70 range for a $1077 gain.
Short BBBY @ 25.21 failure to make a new high, overbought, stop @ 25.31, which would indicate a violation of previous resistance. It dropped to 24.86, quite oversold, but I wanted to try holding it for a larger move. In fact my original thought was set stop to b/e and close the position at the end of the day. But instead I moved my stop to 25.12, just above previous resistance and it was eventually triggered for a fill @ 25.08 and a $66 gain. If Iâd stuck with my much-loved strategy of trading moves from overbought to oversold, I wouldâve had a $160 gain and the chance to short two more moves in the meantime, then short for the final big move down. Alternatively, I couldâve left the stop near b/e and stayed in the trade all day for a great profit. Fantastic setup, but very poorly managed trade.
Also because the setup on the second BBBY trade was so much stronger than the original setup, I should've put on a larger position. I wasn't thinking in 3-D today.
Great, the beginning of another winning streak. *sigh*
Nice trade on AIPC NoDoji 
I assume you meant to write that you covered in the 32.60-.70 range (not 33.6)
That was quite a solid drop .. Im curious, is AIPC a stock that you watch and trade often, or did you discover that setup using a scanner or other method?
I assume you meant to write that you covered in the 32.60-.70 range (not 33.6)
That was quite a solid drop .. Im curious, is AIPC a stock that you watch and trade often, or did you discover that setup using a scanner or other method?
Quote from quotetrader:
Nice trade on AIPC NoDoji
I assume you meant to write that you covered in the 32.60-.70 range (not 33.6)
That was quite a solid drop .. Im curious, is AIPC a stock that you watch and trade often, or did you discover that setup using a scanner or other method?
Yes, oops! The blotter post shows the actual prices covered.
Late last year, AIPC gapped up to a 52-week high, placing it on my short radar. I observed its action for quite some time. The thin volume, large spread and insane moves scared me, but when it gapped to a new 52-week high in February and Cramer started pumping it, my fear was replaced by an irresistable urge to start shorting it.
- Status