Trader P/L 2008

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Last 3 trading days:

5/8/09: +$153 (1000 Shares) 1 position

5/9/08: -$335 (5400 Shares) 3 positions (2 Wins, 1 Loss)

5/12/2008: -1050 (8300 Shares) 3 positions (1 Win, 2 Losses)

Total for the year: -$2330

Trade using Fidelity's Active Trader Pro. Trying to scalp about 0.5%, stop loss at -1.5% (yes, losers are bigger than winners).
Positions are about $20,000-40,000. Trade on margin.

Funny enough, my system works just fine when I paper-trade, but when(-ever) I deal with real money I sort of 'freeze up' and execute too late or too early. I also get nervious and set my limits wrong.

Basically I make every mistake imaginable. So, go ahead, let me have it :)

P.S. My situation: I only have between the hours of 9:30 and 11:00 to trade before I have to run to work (times are EST, but I'm in California, so I'm on PST). Haven't figured out a profitable way to trade from work...
 
Quote from western:

EDS has been trading for a while now. If you are using IB, they are still showing it halted, which is a mistake.
More...

You're right. I called IB and some smart ass cock sucker says, "You know what? I already know that. I told our programmers 5 minutes ago."

LOL :D Gotta love IB


*edit*
Okay, I got out. -56.60 for the day. Happy to be there after being killed in CCU
 
You know you have turned some corner when all day long you are getting drop kicked in the teeth and you have a big smile on your face. I could have done better by throwing darts at a dart board all day for trade ideas. :D :p :cool:

-4692

Red Ink your not stupid I will have to take that tag for today. I was down 5K got back to -2K then was drop kicked back to the floor. :D

Nordik is on FIRE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
:eek: :eek: :eek: :eek: :eek:

Since I am at the back of the line today can someone pass me back a beer? :cool:
 
Second time posting in the Journal:


5/8/09: +$153 (1000 Shares) 1 position

5/9/08: -$335 (5400 Shares) 3 positions (2 Wins, 1 Loss)

5/12/2008: -1050 (8300 Shares) 3 positions (1 Win, 2 Losses)

5/13/2008: +262 (3500 Shares) 2 postions (2 Wins, 0 Losses)

Total for May: -$971
Total for the year: -$1916

Doing better today. Still, far form bulletproof. KBR came within $0.04 of the Stop Loss (33.79 vs 33.75), before bouncing back to 34.51 (my Limit initiated at 34.41).
MRVL was pretty straighforward momentum play. Should have ridden the trend, but had to go to work, so set a Limit at 14.17 (bought for 14.11). Went as high as 14.50 afterwards - would have been nice(-r).

Seriously considering trading 6-8 smaller ($20K or even less) positions, instead of 2-3 large ($35-40K) ones. Unfortunately, there is no way I can do this and get to work at reasonable time.

Good luck everyone - nice to see so many people in green! :)
 
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