Reports are postponed until Monday
At home the laptop is broken, and on a regular PC I broke to write trades, no time at work, so wait monday ;) Great weekend to everyone….
Daytrading
Daytrading on the US Stock Exchange ( NYSE ) | Intraday trading Day trading
Trading in the financial market within one trading session during the day. It means, that the trading positions opened on this day are not carried over through the night to the next day and to the next trading session.
Black Wednesday, Canceled !!!!
Yesterday was a fucking day, worst day with a fixed minus of all time. I am lost on OPG 1/3 total earned in a month . Sent a sell to open 16 Ritz shares, I also wanted finances, but it's good that canceled them. In the beginning everything went according to plan, gave money and shares in turn, but then came fucked, DLR opened and it flew up like a rocket on 2$ and everything behind him is the same, I didn't even have time to cover myself. Wing on 25% from the position I thought at least some downtik would happen, but everything just flew up. I took another number of shares in 2 times more than usual. I had the best prices to buy, sorry i was in short :-( In the near future I will definitely not trade the Ritz at the opening, I don't need such tricks anymore.
Black Wednesday
I lost the most money today, for my trading career, so I'll write a post about yesterday's auction tomorrow. I hope for MOC, I will fight back and close in a plus. I'm not upset, just a little unpleasant, but this happens with us.
Silly mistakes…
There was nothing to do on OPG today, no ideas and signals, so i didn't do anything. Intraday : TIF : Tiffany & Co Sector: Services > Industry: Retail (Specialty) Selling after breaking yesterday's low, with little risk. The stock moves a little inadequately and jerkily, for this on 1 green candle covered half of the position and it rose a little high from the bottom. In general, not a bad trade, sorry for the whole position could not sit out. Potential: 1,5$ ( real 1$) Risks: ~10C Ratio : 1 to 10 Mistakes: all is well :) PBG : The Pepsi Bottling Group, Inc. Sector: Consumer/Non-Cyclical > Industry: Beverages (Nonalcoholic) The worst trades of the day were here., in the beginning sold in the hope of a miracle, and then bought without much hope for growth. Mistakes : we need to stop shorting shares that opened with a very large GAP, they rarely go down after it.…
Quotes about your trade (Gerchik)
Our trading is based on homework, which we do before working day …From there we choose 20-100 shares to trade on a given day, during the day, when our ideas play out, we look at filters, besides, always different… So it is unlikely that someone is bothering anyone here.… Our systems are not automatic, trader – main factor… …Understand one thing – I'm not the best and never said that. I have friends traders, who earn in 10 times more, than me… I don't make myself a super trader and understand, that there are only a few super traders in the industry… I'm just very good, break even, earth trader, who can teach others not to lose or make trading a profession and a permanent income…That's all.
Option exercise day( April )
Today is the exercise day, which means that we sell DJ – OPG promotions. OPG : sold basketball to dj shares, out of 22 got only 15 things. This is the first time I consciously do OPG on the day of exercise., I did it a little wrong, it was necessary to cover part of the position as the shares were issued, and I was waiting for a profit on the general basketball. BUT nothing the first pancake is not lumpy, earned and okay, next time I'll be smarter. Intraday : OMG : OM Group, Inc. Sector: Basic Materials > Industry: Chemical Manufacturing There was a clear UP trend on the daily chart, the stock broke through the high of today and could safely rise to 30$ Potential: 2.5$ ( real 2$) Risks: ~5C Ratio : 1 to 40 Mistakes: It was necessary to gain more position, risks are small, great potential.
Trading Success Quotes ( Gerchik )
Trading – this is a synthesis… can't speak: “I will only trade this way, or only so”.. The thing is, that every week the market changes and you need to adapt to it… If you only trade one strategy, it will be hard for you… In my opinion, you started trading very fast and volatile securities.… I guarantee, that this will not lead to good… You need to learn on calm and smooth promotions… Dima knows, how do i feel about averaging….it is absolutely forbidden to do this N I K O G D A. A professional trader should always trade, everywhere and in any direction. Usually a good deal will close 5-6 unprofitable… Вначале, when do you start trading, there should be very few transactions, and they must be of very high quality.
Gold rarely unfolds
I didn't do anything on OPG. The market was in the red and wanted to sell the Ritz, but before the opening, it came out in plus and it was dangerous to sell. Intraday: HRS : Harris Corporation Sector: Technology > Industry: Communications Equipment There was a normal downward trend. jerked off after 28,50 with a small stop. The previous day she fell well. Potential: 1$ Risks: 8C Ratio : 1 to 11 Mistakes: There was nothing so terrible, просто не пошла.
Back in the ranks :)
It's so dumb to skip a trade, yesterday(14.04) MOC could have climbed well, study costs me dearly. Today I missed the opening and was able to trade only MOS. Although during the day I did not notice any particularly good movements. MOC : There were classic mosques today, everything went up before the update, after the update rollback down and jerk up. BUT they were very unreliable and squeezed, The paper profit jumped in big jerks, usually goes smoothly and beautifully, а сегодня было ощущение что развернется в каждую секунду. Because of this, I could not boot very much, it was necessary of course, but somehow inadequately everything went up, and I also take into account the previous day when for 4 minutes before closing, everything turned around, decided not to risk and not worsen prices. Orders were not sent to close , and covered the profit, but they gave it something very bad, on 1/3 worse than it seemed.
I do not want to study, I want to trade :)
Tomorrow I have an exam at the university, I want to trade and make money, but we have to prepare, I usually score on tests and exams if they coincide with the opening of the exchange, until better times, but this one will not work. Therefore, I will not describe in detail yesterday's trades., no time now, I don’t trade today and maybe I won’t tomorrow. Yesterday (13.04.09) : ON OPG sold Ritz, but they gave almost nothing unfortunately, turned around. Earned a little. In the afternoon, my thoughts were in school and I slowly poured everything I earned on OPG. According to the rules, I had to stop when my profit turned into ZERO, but I got stubborn and poured further with short breaks in transactions :( Very stupid…