What happens when a degenerate gambler takes 200k and trades full time?

[saxon22]

I am certainly no grand wizard and I dispense advice on very irregular bases, but it seems that having $600 profit on a trade should push you to provide some kind of trailing stop where a nice chunk of $$$ (in this case $600) does not turn into -$100. To place a trade and be stopped out is a natural part of this business, but to let $600 evaporate is an error in need of rectifying.

Good trading.

 

[total_keops]

Quote from JamesVU2000:

This is the hardest environment to trade I have ever seen. ...

Did I heard it b4?

 

[Fernandinho]

Quote from saxon22:

I am certainly no grand wizard and I dispense advice on very irregular bases, but it seems that having $600 profit on a trade should push you to provide some kind of trailing stop where a nice chunk of $$$ (in this case $600) does not turn into -$100. To place a trade and be stopped out is a natural part of this business, but to let $600 evaporate is an error in need of rectifying.

Good trading.

I agree 100%

 

[Fernandinho]

9/25

daytrading PL:

HPQ -28
FAZ 54.40
AAPL -60
FCX +343
NFLX -217
AGQ +490
SOXL +118
CLF +69
WYNN +136.78

+853

terrible trade when i shorted HPQ at 23 was up +400 and had to take a loss , seems this is becoming a habit I have to correct, my thought process is to not get shaken out and wait for my target...was shaken out of NFLX and later saw move I was anticipating, Im thinking this stock is not for me( rookies )and i will stay away

PORTFOLIO

SOXL 700 SHS +654
WYNN 200 shs +361
TNA 500 shs +30.25

flattened account while on vacation last thursday , added some longs today

total Equtiy: $147,600

 

[saxon22]

so far so good.

 

[Fernandinho]

week ending 9/30:
posting and pasting balances weekly going forward, daily is too cumbersome

summary for week:
got long aggressively on mon and tues , I came to conclusion that volume was too light and it was just a short squeeze so I covered to 100% cash on wednesday morning.... i regret not taking profit on tuesday but I was hoping for similar move in mid august where SP found support at 1120 and went to 1200......I did not have enough conviction to get short so im all cash



Balance($)

Today's net change

Cash balance $138,797.02 $0.00
Margin balance $0.00 $0.00
Account value $138,797.02

Date Qty Net Total Balance
09/26/2011 11,600 771.13 7,255.58
09/27/2011 7,000 311.19 7,566.76
09/28/2011 21,800 (1,115.09) 6,451.67
09/29/2011 11,400 (23.55) 6,428.12
09/30/2011 14,200 410.78 6,648.91

66,000 354.45 6,648.91


total equity $145,620
*total is net of 2500 cash withdrawal

 

[Fernandinho]

Balance($)

Today's net change

Cash balance $136,967.05
Margin balance $0.00
Short balance $1,039.12
Account value $138,006.17


Balance
10/03/11 (428.16) 6,220.75
10/04/11 965.95 7,186.70
10/05/11 335.15 7,521.85
10/06/11 (110.10) 7,411.75
10/07/11 (721.63) 6,690.12

not too much trading , preserving capital in anticipation of a melt up or another downswing for upcoming earnings season.. will employ some more capital once i get a sense of direction.. did well trading daytrading spy and other etfs will start to focus more on that

144,696

 

[Fernandinho]

went long thurs,its late but I can no longer question market, i will just go with it, i feel SP is going to at least 1250 after closing above 1220....im not comfortable getting long at this level but will certainly not short here...will stay long with 1180 support

Balance($)

Today's net change

Cash balance $36,905.17
Margin balance $0.00
Short balance $488.41
Long stock value $103,155.00
Long option value $1,005.00
Account value $141,553.58


Cash: 8,007.28

total equity: $149,560

positions

symbol shs

fcx 1000
sohu 500
BG 500
GSVC 500

options

TZA oct11 41call 10
RENN oct11 6 call 20
LDK nov11 4 call 50