24 April 2009

All hands don't reach, describe my trades, no time at work, and the laptop is still under repair. Since the morning, the market has been flying up, and in the beginning I tried to catch reversals in stocks, bye a couple of times I caught a moose, don't calm down, after that I bought on the market upwards and Intraday was right: EMN: Eastman Chemical Company Sector: Basic Materials > Industry: Chemicals – Plastics and Rubber Sold approx. 38, but the market didn't let her go down HES : Hess Corp. Sector: Energy > Industry: Oil and Gas – Integrated Такая же ошибка, trying to short in a booming market is stupid.

Superstitions, ritual

Superstitions, ritual I am not superstitious and I do not care about any figurines or signs. I have no pre-trade rituals, if I notice any such things behind me, I immediately catch myself thinking and never repeat them. I have no happy things or objects, these are all superstitions and I isolate myself as much as possible from this. My success depends only on me, and not from signs or things.

The goal is near

IN 2008 year on the first day of trading on the NYSE, I set myself the goal of making the N-th amount of money by the end of the year, which then seemed to me a large amount. Now it's gone 1,5 years and almost reached her, this month i will overcome it, even with a delay, but still I could. It makes me very happy, then my perseverance and desire to succeed in this business are justified. And I make my goals come true… At the beginning 2009 year I also set myself a new goal, after overcoming the previous goal, my goal is to earn in 8 times more, чем до этого. I'm sure, что у меня все получиться. This is the income graph from January 2008 to April 2009.

Results of April

This month I promised to do the best and I kept my word, of course my plus in 3 times less than I wanted, but in May I am sure that I will earn this amount. Total trading days were 18 of them: 3 negative days 5 day in flat 10 days plus. The ratio of all negative to positive days 1 to 6, I think not bad.

Research. Selecting stocks for trading on the NYSE

Watching news : RBK www.quote.ru/shares/today_news.shtml www.k2kapital.com briefing.com bloomberg.com www.plan.ru/ Economic issues to be published: www.briefing.com/Investor/Public/Calendars/EconomicCalendar.htm If the reporting period, то Earnings Calendar :

Why do so many people do bullshit ?

I have formed an opinion, that many forex traders, the stock exchange, etc. just like to draw lines, customize indicators, understand wave analysis, learn everything that is far from trading. Why People Don't Do More Important Things, to trade in a plus, not much to start with, I'm not talking about experienced traders, there everyone has their own individual problems. You don't need much : Find a trading method that suits you Learn math, many stupidly do not understand or do not want to comply with money management. Trade not on indicators, waves and other nonsense, but understand the schedule itself, why is it growing here, and then falls, find optimal entry and exit points. Trade only what has the potential and can bring good profits. The main thing is not how much you did in dollars, and how much did you do in cents ( points), the large volume of the position on the small movement does not make you a good trader, and helps to lose faster.

Day of Idiotic Decisions

ON OPG I didn't do anything. Intraday: CAT : Caterpillar Inc. Sector: Capital Goods > Industry: Constr. and Agric. Machinery Shorty in a bad place, there should have been a reversal or rollback. Perhaps she would have passed 50C cents yet, but the risk is 10C and the ratio to 5 I think it's very bad. COH : Coach, Inc. Sector: Consumer Cyclical > Industry: Apparel / Accessories This is generally a stupid deal and there were a few others like that., their schedule is almost the same. So I thought to see a reversal here and what will go up, this should not be traded at all., it's easier to throw money away at once. Some kind of idiocy…

WORK OF A NYSE SPECIALIST

WORK OF THE NYSE SPECIALIST The main functions of the Specialist On the floor of the New York Stock Exchange 1366 specialists. Most of them work for one of 7 dealer companies of NYSE members. Each of them controls the trading process in one, the share allotted to him. Which specialist will be responsible for trading in a particular stock is decided by the NYSE Board of Directors. If a specialist does a good job at his job, it can be enhanced – give a share to a more prestigious company to trade, with a large day trading volume. If the specialist does not cope with his duties, he may be downgraded or even fired. For example, if he violates the trading rules or receives a lot of complaints from clients. Be a specialist, this is quite an expensive pleasure. In order to be eligible to work as a NYSE specialist, you must first pay for “specialist chair“. The price of such a chair reached 4 million dollars.. The main task of the specialist is support “honest and orderly” market trading in your stock. First of all, this means the execution of transactions at the best price that is possible at the moment., support of the minimum Spread on quotes and prevention of too sharp jumps in the stock price. One of the key figures on the stock exchange is the NYSE specialist, it acts as an important link between the buyer and the seller, and also create a safe and fair environment for all transactions between market participants. …

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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….

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