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Trading Journal - July
- Thread starter Seanote
- Start date
thanks for the positions update. i was wondering where your "uncle" point was and it appears you've reached it. really, to lose discipline and have it only cost you $25k, isn't that big of a deal. couple good trades and you'll have it back. looking forward to your new thread. hey, how's the futures trading going?
Originally posted by Seanote
THESE ARE ALL MY UPDATED SWING POSITIONS BELOW THAT I HAVE OPENED AND POSTED TO THIS SITE. P&L IS UGLY. I OBVIOUSLY MADE A BAD CALL ON MARKET SENTIMENT OVER THE PAST MONTH AND I'M ON THE VERGE OF CLOSING SOME. I WENT AGAINST MY RISK MGT. PLAN ON SOME OF THESE SINCE I HAD THE BIG TRADE ON MY OLD QLGC SHORT. I DECIDED TO ACCEPT A HIGH RISK/REWARD SCENARIO THAT HAS BACKFIRED THUS FAR. I'M STILL DOING VERY WELL FOR THE YEAR WITH THIS SET BACK BUT I WILL NOT LET MYSELF GET INTO THIS POSITION AGAIN. I LEARNED THIS LESSON 3 YEARS AGO AND KEPT MY DISCIPLINE IN CHECK EVERY STEP OF THE WAY UNITL THIS PAST MONTH. I LET THAT QLGC TRADE OVERRIDE MY GAME PLAN.
SHORT .FWU 180 0.45 +0.25
SHORT TXN 5000 15.90 +0.20
SHORT CYMI 5000 25.18 +0.13
SHORT DELL 5000 28.90 -0.46
LONG .QAVWU 50 1.40 -1.20 LONG .DJXWZ 40 3.30 -2.80
SHORT TYC 5000 11.50 -3.94
SHORT AOL 5000 10.45 -4.40
OPEN P&L: (54,500)
*KEEP IN MIND I CLEARED $75K PROFIT ON THE QLGC TRADE WHICH IS ONE OF TWO REASONS I'VE STAYED IN SOME DEEP LOSING POSITIONS. THE OTHER REASON IS MY SENTIMENT THAT WE WILL SELL OFF HEAVY IN THE NEXT WEEK OR TWO COUPLED WITH TA AND FUNDAMENTALS THAT BACK UP MY THEORY.
BOTTOM LINE: I KNOW BETTER THAN TO DO WHAT I DID WITH THESE POSITIONS AND WILL NEVER COMPROMISE MY RISK MGT AND RISK/REWARD JUST BECAUSE I MADE A LOT ON ONE TRADE. I REALLY SHOULD HAVE TAKEN HALF OF THAT TO VEGAS INSTEAD.
I'LL START ANOTHER THREAD ONCE I CLEAN UP THIS JUNK ABOVE AND CONCENTRATE MORE ON TRADING AND I'LL THROW IN SOME COMMENTARY AND TA WITH REASONING BEHIND EACH TRADE. I NOW HAVE A PARTNER TRADING WITH ME SO I'LL HAVE SOME EXTRA TIME.
I MENTIONED A COUPLE WEEKS AGO THAT I'M STUDYING FOR THE CHARTERED MARKET TECHNICIAN EXAM (CMT) SO IF YOU HAVE ANY QUESTIONS ON A CHART PLEASE SEND ME A MESSAGE OR POST. THE MORE DETAILED THE BETTER TO GET ME BACK INTO THE SWING OF IT ALL.
generally parenthesized numbers denote negative, did you lose that much today?
man, you got real ones!
I was long AOL / TYC and did quite well today.
look into why you chose shorts on these
Originally posted by limitdown
generally parenthesized numbers denote negative, did you lose that much today?
man, you got real ones!
I was long AOL / TYC and did quite well today.
look into why you chose shorts on these
That is negative. That's Open P&L on my swing trades that I've posted on ET which I've held for a month or two. A few positions were initiated today.
taodr
Member
Registered: Aug 2002
Posts: 65
10-28-02 03:30 PM
Watch that AOL . I wouldn't be surprized if those bastards start upgrading this like crazy and very soon.
____________________________________________________
Hey taodr watch what you say I am one of those bastards and I know who you are. If you try to trade AOL I will be wating at the specialist post for your order and when it comes I will release a research report to FUCK YOU ON YOUR 100 SHARE POSITION. May this be a lession to you so don't fuck with us.
Member
Registered: Aug 2002
Posts: 65
10-28-02 03:30 PM
Watch that AOL . I wouldn't be surprized if those bastards start upgrading this like crazy and very soon.
____________________________________________________
Hey taodr watch what you say I am one of those bastards and I know who you are. If you try to trade AOL I will be wating at the specialist post for your order and when it comes I will release a research report to FUCK YOU ON YOUR 100 SHARE POSITION. May this be a lession to you so don't fuck with us.
Seanote
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10-24-02 09:19 AM
Trade
LONG 5000 TXN @ 15.90
Intraday trade
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The other day you reported that you were short on TXN.
Which is it? As of this morning's action I sure hope this was a misprint, and your second reporting of short is the correct.
--------------------------------------------------------------
10-24-02 09:19 AM
Trade
LONG 5000 TXN @ 15.90
Intraday trade
-------------------------------------------------------
The other day you reported that you were short on TXN.
Which is it? As of this morning's action I sure hope this was a misprint, and your second reporting of short is the correct.
Seanote,
Any idea what hit QCOM? I didn't see any news.
Any idea what hit QCOM? I didn't see any news.
Originally posted by Donkell
Seanote
--------------------------------------------------------------
10-24-02 09:19 AM
Trade
LONG 5000 TXN @ 15.90
Intraday trade
-------------------------------------------------------
The other day you reported that you were short on TXN.
Which is it? As of this morning's action I sure hope this was a misprint, and your second reporting of short is the correct.
That was a mistype... I'm long TXN.