Robert's Journal

[RobertM02]

Hi everyone,

I would like to start my day trading journal.

I currently trade only US equities.

Morning:
Shorted the banks on the open and made a nice profit in wfc and jpm

Midday:
Nothing major happened made a couple of insignificant trades.

Close:
Close was very a active made a very nice trade on shorting HCN on the earnings.


Robert

 

[Esq Esq Esq]

Great job. Hope you keep it up.

Do you only trade NYSE, or other exchanges too sometimes?

 

[RobertM02]

I trade NYSE, Amex and Nasdaq.

I am also going to try to make an attempt later on this year to trade a little bit of options.

 

[J J aapl]

Nice profits! Let's see what today brings, last day of the month. GOOD LUCK!!

 

[RobertM02]

January 30, 2009

Open:
Very good open. Shorted MSFT, RIMM and PALM. Small shares on all those shorts.


Midday:
Couple of ok trades. One good trade was XOM short at around 1:10pm, but had very few shares.


Close:
Took heavy BAC short at 3:30pm thinking the stock is going to break new lows and lost all of the profits for the day and them some on the pull back.



Overall apart from few mistakes that cost me my net, I am not too upset. I always try to find something positive in the negative days and learn from them.

 

[RobertM02]

Monday and Tueday:

Was sick and did not trade.

 

[RobertM02]

Feb 4

Only traded a couple of stocks today.

Morning:
Traded JLL on the earnings. Was a nice long from the open.

Close:
Traded CSCO on the earnings. Started longing the stock at 15:20 and got out on the close.

 

[RobertM02]

Feb 5.

Was not a successfull day but at atleast i kept the losses to a minimum.

 

[RobertM02]

Feb 6

Hard day for the traders.

Overall finished ok but had to stay in some stocks overnight.

 

[Boib]

Quote from RobertM02:

Feb 6

Hard day for the traders.

Overall finished ok but had to stay in some stocks overnight.

Sounds like a recipe for disaster.
Why would you have to stay in a stock overnight?
With my trading program a simple click gets me out of a stock.