The fills! This morning I had two huge bullets up and ended up using none. The BID was taken out literally as I clicked on SELL and I failed to score a huge day. That said, I am still hoping that I have turned the corner that this will be a winning streak in the making. 5700 shares on 4 of 9 shooting, +993 before commissions, +650 after, 3 bullets.
The guy who got his account reseted is unstoppable. 3 games winning streak +$2000, all toward his first check, plain stunning how he came back from the dead.
Pre-Market: No real news other than the batch of usual job cuts.
9:30: Went long CRA/PNC on BTK/BKX strength, out of CRA for flat and PNC for a 6 cents loss, both small positions to test the water and immediately I saw the futures tanking hard. IUX has ran up a LOT yesterday and I saw the index tanking hard, MTG/HIG both up on the day and immediately my bullets went up. MTG had a 1x60 67.51B 67.52A, I limit sold 1000 shares to 67.5, figured there had to be some shares there, turned out there was some shares at .49, I missed the fill completely (should have limit sold with a 10-15 cents slippage), by the time I re-adjusted it was showing the figure! Stock went down more than 1 point in just a few minutes. HIG I was filled 600 shares at 40 cents lower (didn't want to chase after I missed the fill at 59.7, went for 600 instead of 1000), unfortunately I didn't hold and covered for a quarter when I saw the first uptick on IUX.
9:43: CEX sell-off, this sector ran-up a lot too, bullet EMN 1000 at 36.61, covered for an easy half, this was my best trade of the day. Bulleted a little HIG into the squeeze for a 20 cents profit.
10:00: Market rally, it was obvious that XBD was strong as it didn't give any ground during the sell-off, LM was even stronger, took 700 shares 40.85 and sold for a half point profit when futures came in again, should have kept a little! A thin stock like LM can run as long as XBD is not in total tankage. Missed 1 point. Took some AGE and out for flat.
11:30: Took small positions in WY/MMM and made 15 cents in WY and lost 15 cents in MMM. It was obvious that despite of the breakout futures will not run as hard as yesterday and I stopped. Experiencing some flu symptoms my head wasn't 100% clear and I was happy with the result. Missed the huge energy rally (the morning gap-up I didn't like) and DOX, you have to follow up on a stock like that when he printed 4 million shares in one print, the seller was completely done and today there just wasn't anything to keep it down . . . This can be a very effective strategy to look for stocks that sold off on super heavy volume, look through the tape, if the seller is done, you can usually get a next-day rally.
Our company threw a drinks party at Maggie's on Wall Street, the bar is sooooo . . . Wall Street. Very old fashioned decors and atmosphere, and my alcohol tolerance is horrendous . . . it is too easy to become intoxicated when your heart is empty, hence the late journal
The guy who got his account reseted is unstoppable. 3 games winning streak +$2000, all toward his first check, plain stunning how he came back from the dead.
Pre-Market: No real news other than the batch of usual job cuts.
9:30: Went long CRA/PNC on BTK/BKX strength, out of CRA for flat and PNC for a 6 cents loss, both small positions to test the water and immediately I saw the futures tanking hard. IUX has ran up a LOT yesterday and I saw the index tanking hard, MTG/HIG both up on the day and immediately my bullets went up. MTG had a 1x60 67.51B 67.52A, I limit sold 1000 shares to 67.5, figured there had to be some shares there, turned out there was some shares at .49, I missed the fill completely (should have limit sold with a 10-15 cents slippage), by the time I re-adjusted it was showing the figure! Stock went down more than 1 point in just a few minutes. HIG I was filled 600 shares at 40 cents lower (didn't want to chase after I missed the fill at 59.7, went for 600 instead of 1000), unfortunately I didn't hold and covered for a quarter when I saw the first uptick on IUX.
9:43: CEX sell-off, this sector ran-up a lot too, bullet EMN 1000 at 36.61, covered for an easy half, this was my best trade of the day. Bulleted a little HIG into the squeeze for a 20 cents profit.
10:00: Market rally, it was obvious that XBD was strong as it didn't give any ground during the sell-off, LM was even stronger, took 700 shares 40.85 and sold for a half point profit when futures came in again, should have kept a little! A thin stock like LM can run as long as XBD is not in total tankage. Missed 1 point. Took some AGE and out for flat.
11:30: Took small positions in WY/MMM and made 15 cents in WY and lost 15 cents in MMM. It was obvious that despite of the breakout futures will not run as hard as yesterday and I stopped. Experiencing some flu symptoms my head wasn't 100% clear and I was happy with the result. Missed the huge energy rally (the morning gap-up I didn't like) and DOX, you have to follow up on a stock like that when he printed 4 million shares in one print, the seller was completely done and today there just wasn't anything to keep it down . . . This can be a very effective strategy to look for stocks that sold off on super heavy volume, look through the tape, if the seller is done, you can usually get a next-day rally.
Our company threw a drinks party at Maggie's on Wall Street, the bar is sooooo . . . Wall Street. Very old fashioned decors and atmosphere, and my alcohol tolerance is horrendous . . . it is too easy to become intoxicated when your heart is empty, hence the late journal
