Sam's Day Trading Log (With Charts)

Too much chop for today; I'm out!.

A very Happy New Year to you all and hope we make lots of money next year.

A big Thank You to all of you for having contributed here.
 
01/03:

Pic. 1:

Trade 1:
LONG:
Entry 1: $28.87
Entry 2: $29.02
Exit: $29.15
$0.41


Trade 2:
LONG:
Entry 1: $29.26
Exit: $29.53
$0.27

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=3050703.png">
 

Attachments

This was my ~$1000+ baby!!! and my first $1000+ for 2011. That stop there was just letting me know that the market is still the boss!!!. However, reality hits and it is what it is.


Pic. 2

Trade 3:
LONG:
Entry: $54.45
Exit: $53.94
-$0.51

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=3050711.png">

Total (+/-): +$528.00; [$552.50-$24.50(commission)]
All Time Net (+/-):+$1092.22
 

Attachments

Quote from konviction:

Can you talk about those moving averages on your charts?
More...

Hi Kon, I wanted to put a comment on that earlier. I usually have my charts set up (as default) with these moving averages. I use them most of the times, except for days like this. Since FAS gapped up by a point, these MA's were null and void and only came into use after 10:15-10:30am.

In the early hours, I tend to concentrate more on S/R and volume.
 
Quote from Sam Morgan:

This was my ~$1000+ baby!!! and my first $1000+ for 2011. That stop there was just letting me know that the market is still the boss!!!. However, reality hits and it is what it is.
More...

Congrats! What does this "$1000+ for 2011" mean?
 
Quote from nooby_mcnoob:

Congrats! What does this "$1000+ for 2011" mean?
More...

Ignore my excitement; I was referring to MCP which hit my stop and than went on for another ~$4.00. It would have been nice to have a $1000+ day on the first trading day of 2011. I traded the morning session only today, so I might have made it. Maybe, I might have lost it too :)
 
sam are you using madscan or trade-ideas.com for your trades? or just whatever is on the top 10 list?

I know FAS is in the top in a lot.
 
Quote from konviction:

sam are you using madscan or trade-ideas.com for your trades? or just whatever is on the top 10 list?

I know FAS is in the top in a lot.
More...

Neither. I have a list of ~15 stocks, 10 of which seem to have become permanent. The other 5 are "hot" stocks (stocks which for a short period catches everyones attention and is moving on high volume. Example: MCP - at present).

I will also look at stocks pre- and intra-market to see the biggest winners/losers. Some will have good movement for intraday trading.

I also use a free service which works really well if used properly. I will PM you the link.

SM
 
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