Hey, sorry if I posted this in the wrong thread. Was looking for an intro forum but didn't find one. I'm desperately looking for information to improve my game. I am really new, read a book on day trading "beginner's guide to day trading" - toni turner. Anyhow, i'll show you what I've done so far.
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My personal 'trades'. It's April 08/09 I started February 11 with purchasing 210 shares of GE, in one month it was halved due to it's financial arm crisis. Anyways, won't go into that. I am not a full day trader because I believe the market will go up as we are in or very near the bottom. Thus I will not sell many of my unrealized losses and simply wait on them. I have limited capital to play with so I cannot 'trade' NYSE: SPY, which I deem safer, but at 82.00 per share. This is more of a long stock than anything for people with limited capital. The purpose of this note is to try to improve my trading/investing especially for when I have more capital. Anyhow, trades:
02/11/2009 09:33:01 Bought 200 GE @ $ 11.8674
02/11/2009 09:33:01 Bought 10 GE @ $ 11.8675
*Received the 31c ( 78$ dividend ) and will hold these 210 for quite a while
here i fell for the falling knife mistake, tried to catch it and got stabbed. Had I come in 3 weeks later I would now have doubled my account. But, can't get greedy and pretend like the bottom can be called, so I'll go long
04/07/2009 14:05:46 Bought 235 GE @ $ 10.62
Aiming for trading, need at least a 15-20 cent spread to make profit (since buying and selling 10$) Currently 2 minutes to open, and GE @ 10.74. $18.2 'profit' if I sell
04/08/2009 09:45:37 Sold 235 GE@ 10.72
Playing with fire, this'll be far more intense (Financial ETFs) these fuckers are what supposedly caused the 'crisis'
04/15/200910:09:36 $-1,483.626 Bought 447 of UYG @ $3.308
04/15/200915:08:08 $1,532.73 Sold 447 of UYG @ $3.44
It hit .45 earlier on and I chose not to sell, then went down to 3.29 and back to 3.44 where i sold but continued to hit to 3.5. Could've made much much more, but i guess I'm still new
04/28/200915:46:18 Bought Margin 600 of UYG @ $3.31 $-1,992.00
04/29/200909:30:08 Sold 600 of UYG @ $3.39 $2,028.00
an overnight position netted me 36 bucks, not bad
Continued day trading, simply couldn't find me any good entry points - the stock kept going up.... while I wasn't in it... hahaha what luck
04/29/200915:59:38 $2,136.60 Sold 600 of UYG @ $3.571
04/29/200915:41:52 $-2,128.80 Bought 600 of UYG @ $3.538
grabbed a tiny bit more. Overall 53 CAD today from the overnight + the 1 measly 3.something cent spread day trade. In order for me to be able to do this is a real full time job I suppose I have to either get more experience and 'feel' the market better, or learn a few more tricks. 40-50 dollars a day... can make more else where... but still not bad since i didn't actually do any work. *hwk for self... learn the SMA lines for the next two days.
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little journal I've been writing (read that it's a good idea so that I can improve)
Basically, I need someone to guide me. I'll read anything, but a lot is hard to understand. I don't even know how to short(though even if I did I think I'd stay away since it seems market bottomed), btw I use QuesTrade. To best describe me I'm not a pure day trader, I sit on my position if it goes down using the logic that the market will go up in the long, thus I just wait.
Btw i have more trades but they are for literally like 5-10 bucks each so I don't want to spam you too much haha.
Please help, thanks <3
Lorne
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My personal 'trades'. It's April 08/09 I started February 11 with purchasing 210 shares of GE, in one month it was halved due to it's financial arm crisis. Anyways, won't go into that. I am not a full day trader because I believe the market will go up as we are in or very near the bottom. Thus I will not sell many of my unrealized losses and simply wait on them. I have limited capital to play with so I cannot 'trade' NYSE: SPY, which I deem safer, but at 82.00 per share. This is more of a long stock than anything for people with limited capital. The purpose of this note is to try to improve my trading/investing especially for when I have more capital. Anyhow, trades:
02/11/2009 09:33:01 Bought 200 GE @ $ 11.8674
02/11/2009 09:33:01 Bought 10 GE @ $ 11.8675
*Received the 31c ( 78$ dividend ) and will hold these 210 for quite a while
here i fell for the falling knife mistake, tried to catch it and got stabbed. Had I come in 3 weeks later I would now have doubled my account. But, can't get greedy and pretend like the bottom can be called, so I'll go long
04/07/2009 14:05:46 Bought 235 GE @ $ 10.62
Aiming for trading, need at least a 15-20 cent spread to make profit (since buying and selling 10$) Currently 2 minutes to open, and GE @ 10.74. $18.2 'profit' if I sell
04/08/2009 09:45:37 Sold 235 GE@ 10.72
Playing with fire, this'll be far more intense (Financial ETFs) these fuckers are what supposedly caused the 'crisis'
04/15/200910:09:36 $-1,483.626 Bought 447 of UYG @ $3.308
04/15/200915:08:08 $1,532.73 Sold 447 of UYG @ $3.44
It hit .45 earlier on and I chose not to sell, then went down to 3.29 and back to 3.44 where i sold but continued to hit to 3.5. Could've made much much more, but i guess I'm still new
04/28/200915:46:18 Bought Margin 600 of UYG @ $3.31 $-1,992.00
04/29/200909:30:08 Sold 600 of UYG @ $3.39 $2,028.00
an overnight position netted me 36 bucks, not bad
Continued day trading, simply couldn't find me any good entry points - the stock kept going up.... while I wasn't in it... hahaha what luck
04/29/200915:59:38 $2,136.60 Sold 600 of UYG @ $3.571
04/29/200915:41:52 $-2,128.80 Bought 600 of UYG @ $3.538
grabbed a tiny bit more. Overall 53 CAD today from the overnight + the 1 measly 3.something cent spread day trade. In order for me to be able to do this is a real full time job I suppose I have to either get more experience and 'feel' the market better, or learn a few more tricks. 40-50 dollars a day... can make more else where... but still not bad since i didn't actually do any work. *hwk for self... learn the SMA lines for the next two days.
-----
little journal I've been writing (read that it's a good idea so that I can improve)
Basically, I need someone to guide me. I'll read anything, but a lot is hard to understand. I don't even know how to short(though even if I did I think I'd stay away since it seems market bottomed), btw I use QuesTrade. To best describe me I'm not a pure day trader, I sit on my position if it goes down using the logic that the market will go up in the long, thus I just wait.
Btw i have more trades but they are for literally like 5-10 bucks each so I don't want to spam you too much haha.
Please help, thanks <3
Lorne
