Trading Journal - June
- Thread starter Seanote
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TODAYS EXECUTIONS:
15:52:06 QLGC BOT 3000 46.33
15:08:27 QLGC SHRT 3000 46.68
14:31:40 FON SLD 3000 10.60
14:01:33 RJF SHRT 2400 31.24
11:51:53 KLAC BOT 2000 50.97
10:16:39 KLAC SHRT 2000 51.45
10:02:57 EDS SHRT 2000 48.99
09:55:15 FON BOT 3000 10.51
OPEN POSITIONS:
SHORT EDS 2000 48.99 +0.39
SHORT JPM 3000 35.05 0.00
SHORT RJF 2400 31.24 -0.14
CLOSED P&L: $2,280 OPEN P&L: $444
MTD: $33,616 YTD: $236,890
15:52:06 QLGC BOT 3000 46.33
15:08:27 QLGC SHRT 3000 46.68
14:31:40 FON SLD 3000 10.60
14:01:33 RJF SHRT 2400 31.24
11:51:53 KLAC BOT 2000 50.97
10:16:39 KLAC SHRT 2000 51.45
10:02:57 EDS SHRT 2000 48.99
09:55:15 FON BOT 3000 10.51
OPEN POSITIONS:
SHORT EDS 2000 48.99 +0.39
SHORT JPM 3000 35.05 0.00
SHORT RJF 2400 31.24 -0.14
CLOSED P&L: $2,280 OPEN P&L: $444
MTD: $33,616 YTD: $236,890
You are incorrect about your the statement above. I consistently try to fade strong markets? CYMI & EBAY, as I pointed out yesterday, are both unique situations I have noticed with my experiences and trading these 2 stocks. We are hardly in a strong market other than singling out yesterday's. The shorts I have taken have made me quite a bit on money so I'm assuming you were referring only to my 2 loosing short trades yesterday. Please due your DD and read my posts and trades before stereotyping my trading strategy over one CYMI & EBAY trade. Thanks.
OK, I have done my DD but, unfortunately, cannot find the day when you lost couple of times $1 in exactly the same scenario. So in my mind I am not stereotyping but see a pattern. Of course we can argue whether I am right or wrong. Exactly I said I didn't UNDERSTAND!!. It wasn't a criticism.
We are hardly in a strong market other than singling out yesterday's.
I thought we were talking day-trades (they were not specified as swing, in which case I would understand shorting little better). I stand by my comment that 6/17 was not a market to short from day-trading point of view. Also I want to remind you your own statement:It means that if you're short you have to be very careful, because a rally could come along at any time and wipe you out.
The shorts I have taken have made me quite a bit on money so I'm assuming you were referring only to my 2 loosing short trades yesterday.
I am talking about yesterday situation and the fact that those trades were entered as day-trades plus it's not the first time you surprised me by fading market like that. Second, you are being defensive, I never said you cannot trade (obviously).
That creates a lot of uncertainty intraday which is why I've elected to trade less or stop for the day after my JPM position is closed.
Why didn't you close? Day-trade gone swing??
Tony01:
I like EBAY as a short here too, although I'm looking for a better entry probably tomorrow a.m. It is overbought on the daily but not yet on 5 min.
Since you probably think I am a smart ass, I used somebody else's statement to speak my mind.
P.S. Seanote, is this educational thread or promotional material? If it's a self-promotion I'll keep my mouth shut and I will leave to others comments like You are the man or Seanote rules. It's dumb but obviously you like it better. To be absolutely honest, this is an excelent thread and whatever is your motivation for doing it doesn't matter.
OK, I have done my DD but, unfortunately, cannot find the day when you lost couple of times $1 in exactly the same scenario. So in my mind I am not stereotyping but see a pattern. Of course we can argue whether I am right or wrong. Exactly I said I didn't UNDERSTAND!!. It wasn't a criticism.
We are hardly in a strong market other than singling out yesterday's.
I thought we were talking day-trades (they were not specified as swing, in which case I would understand shorting little better). I stand by my comment that 6/17 was not a market to short from day-trading point of view. Also I want to remind you your own statement:It means that if you're short you have to be very careful, because a rally could come along at any time and wipe you out.
The shorts I have taken have made me quite a bit on money so I'm assuming you were referring only to my 2 loosing short trades yesterday.
I am talking about yesterday situation and the fact that those trades were entered as day-trades plus it's not the first time you surprised me by fading market like that. Second, you are being defensive, I never said you cannot trade (obviously).
That creates a lot of uncertainty intraday which is why I've elected to trade less or stop for the day after my JPM position is closed.
Why didn't you close? Day-trade gone swing??
Tony01:
I like EBAY as a short here too, although I'm looking for a better entry probably tomorrow a.m. It is overbought on the daily but not yet on 5 min.
Since you probably think I am a smart ass, I used somebody else's statement to speak my mind.
P.S. Seanote, is this educational thread or promotional material? If it's a self-promotion I'll keep my mouth shut and I will leave to others comments like You are the man or Seanote rules. It's dumb but obviously you like it better. To be absolutely honest, this is an excelent thread and whatever is your motivation for doing it doesn't matter.
lol i said that.
That creates a lot of uncertainty intraday which is why I've elected to trade less or stop for the day after my JPM position is closed.
Why didn't you close? Day-trade gone swing??
Rumors were out that Morgan, Goldman and Lehman would not exceed or possibly meet their numbers after I open my JPM short. I held JPM overnight planning that the sector as a whole would pull JPM down with it. Every now and then I open a DT that turns into a swing trade pending news or market momentum. I must have a great deal of confidence in the play for me to change my time frame which I rarely do. I will submit an additional post when I decide to do so if that will clear up any confusion.
Why didn't you close? Day-trade gone swing??
Rumors were out that Morgan, Goldman and Lehman would not exceed or possibly meet their numbers after I open my JPM short. I held JPM overnight planning that the sector as a whole would pull JPM down with it. Every now and then I open a DT that turns into a swing trade pending news or market momentum. I must have a great deal of confidence in the play for me to change my time frame which I rarely do. I will submit an additional post when I decide to do so if that will clear up any confusion.
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