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Trading Journal - May
- Thread starter Seanote
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Seanote,
You're kicking serious butt today.
You're kicking serious butt today.
TODAYS EXECUTIONS:
15:57:43 CEPH SLD 2000 57.70
15:46:56 CEPH BOT 2000 57.56
15:22:08 KLAC BOT 2000 54.86
14:51:54 KLAC SHRT 2000 54.70
14:46:41 KLAC BOT 2000 54.54
14:25:55 KLAC SHRT 2000 55.02
14:24:12 HD SLD 3000 41.52
14:16:32 HD BOT 3000 41.60
11:36:39 QLGC BOT 2000 46.87
11:06:25 QLGC SHRT 2000 46.66
10:58:44 KLAC BOT 2000 54.15
10:56:01 QLGC BOT 2000 46.304
10:43:42 QLGC SHRT 2000 46.90
10:37:38 PALM SLD 10000 2.30
10:17:58 KLAC SHRT 2000 54.49
10:10:02 AMAT BOT 2000 23.99
10:08:47 KLAC BOT 2000 54.49
09:57:44 KLAC SHRT 2000 54.91
09:52:53 AMAT SHRT 2000 24.01
09:41:18 KLAC BOT 2000 54.86
09:39:21 KLAC SHRT 2000 54.98
OPEN POSITIONS:
NONE
CLOSED P&L: ($10,088) OPEN P&L: 0
MTD: $38,262 YTD: $197,594
* After taking a $10,330 hit on the PALM position that was closed this morning I was able to daytrade today for a profit of $3,210 excluding commissions to begin erasing that "mistake". I hope to wipe that loss out by the end of this week or early next week.
*It's difficult for the market to rally when such major issues are under severe pressure. I'm staying away from swing trading and holding overnight AT ALL and will continue DT.
15:57:43 CEPH SLD 2000 57.70
15:46:56 CEPH BOT 2000 57.56
15:22:08 KLAC BOT 2000 54.86
14:51:54 KLAC SHRT 2000 54.70
14:46:41 KLAC BOT 2000 54.54
14:25:55 KLAC SHRT 2000 55.02
14:24:12 HD SLD 3000 41.52
14:16:32 HD BOT 3000 41.60
11:36:39 QLGC BOT 2000 46.87
11:06:25 QLGC SHRT 2000 46.66
10:58:44 KLAC BOT 2000 54.15
10:56:01 QLGC BOT 2000 46.304
10:43:42 QLGC SHRT 2000 46.90
10:37:38 PALM SLD 10000 2.30
10:17:58 KLAC SHRT 2000 54.49
10:10:02 AMAT BOT 2000 23.99
10:08:47 KLAC BOT 2000 54.49
09:57:44 KLAC SHRT 2000 54.91
09:52:53 AMAT SHRT 2000 24.01
09:41:18 KLAC BOT 2000 54.86
09:39:21 KLAC SHRT 2000 54.98
OPEN POSITIONS:
NONE
CLOSED P&L: ($10,088) OPEN P&L: 0
MTD: $38,262 YTD: $197,594
* After taking a $10,330 hit on the PALM position that was closed this morning I was able to daytrade today for a profit of $3,210 excluding commissions to begin erasing that "mistake". I hope to wipe that loss out by the end of this week or early next week.
*It's difficult for the market to rally when such major issues are under severe pressure. I'm staying away from swing trading and holding overnight AT ALL and will continue DT.
Seanote,
Today you shifted from swing trader mode to daytrader mode in an effort to recover from the PALM trade. In the past when I have had a rather stinging loss and tried to "make up" for it, I usually made things worse. When I had a big loss it is usually because I didn't follow my own rules or had a completely wrong assessment of a situation and didn't accept it until it was too late.
Now I try to view each trade as independent of any trade that came before it. It shouldn't matter if I've had 10 straight winning days or 10 straight losing days - the only thing that should matter is what's on the table today. Easy to say but not always easy to do.
Did you do anything different on the PALM trade, anything that was out of your normal trading style? What would you have changed?
Thanks again for your posts.
Today you shifted from swing trader mode to daytrader mode in an effort to recover from the PALM trade. In the past when I have had a rather stinging loss and tried to "make up" for it, I usually made things worse. When I had a big loss it is usually because I didn't follow my own rules or had a completely wrong assessment of a situation and didn't accept it until it was too late.
Now I try to view each trade as independent of any trade that came before it. It shouldn't matter if I've had 10 straight winning days or 10 straight losing days - the only thing that should matter is what's on the table today. Easy to say but not always easy to do.
Did you do anything different on the PALM trade, anything that was out of your normal trading style? What would you have changed?
Thanks again for your posts.
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