Trader P/L 2006
- Thread starter mnx
- Start date
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in and out of the house all day so i didn't make many trades. NYX moved real choppy, but i undertraded it. i shoulda captured more of the range.
MS and JNPR had nasty moves at 2:15, and i cashed in on both. low volume day.
MS and JNPR had nasty moves at 2:15, and i cashed in on both. low volume day.
+822, zzzzzz all day long.
44.29 on 4408 shares
Exciting day - not like yesterday. On Lend to quote my journal:
"Noticed a possible breakout, but spread about $.10 and no executions at the bid. So, I put in an ask .05 below the current on. I did this to bring the ask down so I could get long. But, someone filled me! So, I was short 1000 shares instead of being long 100!
The breakout did happen, and instead of taking the loss, I managed the position. I got shook out [in the rally] and immediately after I covered, the price dropped $1.00.
Mistake #1 - not exiting short immediately
Mistake #2 - not noticing the "short squeeze" and getting squeezed myself"
Exciting day - not like yesterday. On Lend to quote my journal:
"Noticed a possible breakout, but spread about $.10 and no executions at the bid. So, I put in an ask .05 below the current on. I did this to bring the ask down so I could get long. But, someone filled me! So, I was short 1000 shares instead of being long 100!
The breakout did happen, and instead of taking the loss, I managed the position. I got shook out [in the rally] and immediately after I covered, the price dropped $1.00.
Mistake #1 - not exiting short immediately
Mistake #2 - not noticing the "short squeeze" and getting squeezed myself"
$200.00 on 8700
AZPN was taking a huge dump, so I got in. However, like always, I got in too early. I kept buying at key points just KNOWING this thing was coming back. Eventually, the dumping stopped, and the price started creeping back. Again, my jumpy nature took over and I exited at .09 (average in at .0375) when my instincts told me it was gonna go to AT LEAST .15. Even a friend told me to hold on until the .25 range. Well, I wanted to take my profit because at one point I was down about $500.
Hard to find the balance between patience and greediness, no?
I have a finance final this afternoon, so I'm done. Tomorrow I may trade a bit, but I've got to pack. I leave for Santiago, Chile at 1900 hrs! Need a break, for sure.
AZPN was taking a huge dump, so I got in. However, like always, I got in too early. I kept buying at key points just KNOWING this thing was coming back. Eventually, the dumping stopped, and the price started creeping back. Again, my jumpy nature took over and I exited at .09 (average in at .0375) when my instincts told me it was gonna go to AT LEAST .15. Even a friend told me to hold on until the .25 range. Well, I wanted to take my profit because at one point I was down about $500.
Hard to find the balance between patience and greediness, no?
I have a finance final this afternoon, so I'm done. Tomorrow I may trade a bit, but I've got to pack. I leave for Santiago, Chile at 1900 hrs! Need a break, for sure.
Platform went down on me for a few minutes today and I was forced to close all open positions on the phone and missed .30 of a 600 share move.
Note: The customer support with Blackwood was amazing during the outage, they may not be perfect but they are a great bunch of guys and fixed the problem fast.
+500 on 10,800 shares (controlled the overtrading today)
So I'm happy with these results.
Note: The customer support with Blackwood was amazing during the outage, they may not be perfect but they are a great bunch of guys and fixed the problem fast.
+500 on 10,800 shares (controlled the overtrading today)
So I'm happy with these results.
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