Owner: The Denarii Trader URL:http://trader-denarii.blogspot.com/ Join Date: Sun, 05 Aug 2007 15:56:30 -0500 Rating:0 Site Description: A day traders journal on how he is trying to learn to make a living from the markets Site statistics:Click here
Wednesday Trade Review 10/17/2007 2007-10-17 16:14:00 For some reason, I can't upload charts to my blog today. I tried to get long the YM futures. The gap up convinced me that market may go on a tear. I was hoping for a pull back and I got it. I bought at 14045 on the test of the last morning low. Bought again in the 14020's and sold in the 14030's to keep a couple of points. Bought another contract at 14020 and was looking to add at 14000. By the time we got to 14000, I did not like market action. I got stopped out at 13995 after watching the action there.-I switched to sell mode and missed the first YM breakdown because I was playing with stocks. I sold the second breakdown but by then the market was too oversold to fall. I got stopped with a small gain.-I did screw around with a couple of stocks but my head was not in the right place after my losses in the YM. I need to look at them as separate things like I do with my trading account verses my retirement funds.-I also started a 1/2 swing position in XHB.-The numbers:Stocks: Read more:Wednesday
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Wednesday Morning Thoughts 10/17/2007 2007-10-17 08:09:00 As always I am looking at the Big Mouth Stocks - ALGN, LKQX and SNCI. I have my orders in and lets see if I have the guts to follow threw. I leg in and I am already in my first leg of LKQX. This maybe a big game of chicken because all of these have high short interest in them.-I got up 15 minutes earlier today to see if I could catch the YM morning trade but it was between 6:30 to 7 EST when it tested the 14000 area. I did not turn the computers on until 7:35. The wife bitched at the earlier time. I want to even get up about 30 minutes earlier.-I thought we had some topping action here with a pullback of 3-5% but it just does not look like the Bulls want to quit. Read more:Wednesday
, Morning
Tuesday Trade Review 10/16/2007 2007-10-16 14:55:00 Not much more to say than my previous post. I had a couple of trades in SKS and one in NUE. Missed shorting DRYS in the morning and LULU in the afternoon.-Spent most of the day watching other traders try to game this market and most of them failed.-The numbers:Stocks: Gross +58 Net +47 shares traded 1600Stock Futures: Gross +10 Net 0 contracts traded 2Other futures: noneForex: none Read more:Trade
, Tuesday
Mid Day Thoughts 10/16/2007 2007-10-16 11:39:00 See chart. Perfect plan - bad execution. I should have cover the first part have about a $250 gain and allowed the second part to get filled. On the second part, a gain of $800 would have been in order. The market slipped me on my stop which should have been lower and then I was stupid and pulled the other orders. Net for me after comissions - $34. -Other than that, I shorted a new low in the YMs at 13948 and covered quickly when no follow threw happened.
Tuesday Morning Thoughts 10/16/2007 2007-10-16 07:53:00 Oil is still going nuts. As it pulls back a little, the stock index futures are rallying. I am setting up my trades to pick on a Big Mouth stock - SKS. It was been very frustrating for a while with the Big Mouth stocks. I guess too many people are picking on them because they are not working as well.-I had been trying to figure out an acceptable method to trade the currencies. I would like to get something in that area going. I think I will be trading more futures for now seeing my brain can't seem to deal with ups and downs of stocks that well. In other words, I can't seem to let my profits run.-My results are frustrating me a lot.-I wrote a long piece on my racket ball battle with a 12 year old on the Trading Goddess website. God I am sore today. Read more:Morning
, Tuesday
Monday Trade Review 10/15/2007 2007-10-15 15:45:00 Days like these are so f-ing fun. I was expecting an upside pop this morning followed by a big downside reversal. I got the reversal but no pop (soda for those who are not from the Midwest). So the market declined while I am busy with, it seems like, a 1000 PITA things. Finally, I could get into the market after 2 EST. I was thinking we had the big decline and early in the day than I excepted - maybe it was time for the big upside reversal. I went long on the Breakout of the range and stopped so after. Ok - maybe I was wrong. The A/D sucked and the volume of the rise was bad - let's jump on any new low. The low comes in and I get short. Not to long after, I am stopped out again and the market ripes to a new Breakout high. Only one thing I can say - ouch.-The numbers:Stocks: noneStock Futures: gross -185 net -200 contract traded 6Other Futures: noneForex: none Read more:Trade
, Monday
Not A Fun Day 10/15/2007 2007-10-15 14:13:00 I have only taken one future's trade so far for a small lost. I have spent most of my day dealing with doctors, the bank, the post, the benefits department and my mothers crazy mind. Maybe we will get a good decline in the last hour and I will make some money on the short side.-One thing of positive note, I got my health insurance resolved. Someone sent me the incorrect form.
Monday Morning Thoughts 10/15/2007 2007-10-15 07:54:00 My beloved Packers won this weekend. With the Bears (the team is the division I worry about) and Dallas losing, the Packers are in pretty good shaped.-I am fighting some battles again. Somehow my billing conversion of my health benefits got screwed up. I do not know if I have health insurance or not. My mother is giving me problems to. She is not in good health but thinks she is going to die tomorrow. She has been thinking this for 13 years. All I can think is Monty Python.-For the markets - oil is going nuts and I am pissed that I had my stop too close on my RIG swing trade. I started building a QID position again in my retirement accounts and will add more today if we get a rally. We should sell off 2-4% over the coming days. I was looking for a pull back in the EUR/USD over the last few days but did not game it correctly. I will continue to look for an entry point. Gold is going nuts too.-The coffee seems to be working this morning. My question then - did I make it corre Read more:Morning
, Monday
, Monday Morning
Some charts 10/21/2007 2007-10-21 19:06:00 Small Cap Index - Did not make a new high this last push and now is below its 200 day moving average - very bearish. Not what you want to see.Mid Cap Index- Not much better then the Small Cap Index except it is not lower than its 200 day moving average (close).SP500 Index - Very quickly it finds itself in major support area. If it declines much more - it will be very bearish.Dow - Just holding up a hair better than the SP500. Needs to start finding a foothold here or it will be bearish soon. QQQQs - Very strong - looks like just a plain old mini correction in the index so far. No big deal. Emerging Markets - God I wish I had all my money there. At one point in my 401k, I had about 60% there. Over the last year, I have reduced that to about 25%. Trying not to be a pig.China- What is there to say, it is just Insane.-The circles on the charts are where the 50 and 200 day moving averages are. You can click on the chart to make it more readable.-So depending where you like to inves
Friday Trade Review 10/19/2007 2007-10-19 16:43:00 Different day, same results. Crap.-The numbers:Stocks: gross +62 net +52 shares traded 1600Stock Futures: Gross +50 Net +10 contracts traded 8Other Futures: noneForex: none-A fun day for the stock market all around. I am out of most of my swings now and have a ton of cash. I also have a fair amount of cash in my 401K. I will be looking to deploy a lot of it if the market falls anymore next week. In the after hours, the YM futures are down another 30 points. Read more:Friday
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Friday Morning Thoughts 10/19/2007 2007-10-19 07:03:00 It is amazing on how things change. When I first moved to Central New Jersey, Rutgers football team was a joke. The stadium held, I think, 32,000 and very seldom was it ever more than 1/2 full. One year for some reason, they got a Thursday night game that was on national TV. They gave tons of tickets away to get the fans in the seats. Still the stadium was only 2/3 full. Go forward a half dozen years and the program was been totally changed. Rutgers is a good team. They had to expand the stadium to hold 12,000 more. There is a waiting list of 10,000 for tickets now. -Last night, Rutgers had a home game at 7:30. In this area, it was total gridlock for about 3 hours. After the market closed, I go work out. It takes me 20 minutes to get there. Last night even thou I do not get anywhere near the stadium, it took me nearly an hour.-It was a great game and I saw parts at the club and listen until half time on my car radio. I get home and somebody (the wife) wanted to have qualit Read more:Friday
, Morning
Thursday Review 10/18/2007 2007-10-18 15:13:00 Nothing write home about. I did 8 trades today and have nothing to show for it. My neck hurts from the doctors appointment and even thou I am a Rutgers fan - I think they will get killed today. Where is a bookie when I need one?-The numbers:Stocks: gross -16 net -47 shares traded 5800Stock Futures: noneOther Futures: noneForex: none Read more:Thursday
Still can't upload charts 10/17/2007 2007-10-17 21:11:00 The Big Mouth Stocks for tomorrow are PRGN, DSX, and GNK. All 3 are shipping stocks. This should be fun. As always I will be trying to short them tomorrow using the action of AH and tomorrows premarket as order placement. I was not aggressive enough today with the Big Mouth Stocks.-I have a doctors appointment (Ultrasound of my neck). Hopefully it will not interfere with too much of my trading day.-Peace
Thursday Trade Review 10/25/2007 2007-10-25 14:46:00 Nothing to speak of. All my trades were small gainers or losers and my net was close to zero. Only my broker is happy with these days. I got my head back into the game partially. I did decide to take a break in the middle of the day and go have lunch with my wife. A course that is when POT, MOS, AGU and TRA all exploded. I had them on my screen when I left.-It just was another day of not being in the right place at the right time. Even after the mess with the Big Mouth stock yesterday, I had my orders ready to do the same thing again today but the stocks did not pop and I did not chase them.-The numbers:Stocks: gross +3 net -8 shares traded 2200Stock Futures: noneOther futures: noneForex: none Read more:Thursday
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Wednesday Trade Review 10/24/2007 2007-10-24 15:11:00 Never got back on track at all. My head hurts.-Need to read and reread and reread what I wrote earlier. This is the type of day that will either make me or break me. Losses are apart of the job.-The numbers:Stocks: gross -1469 net -1486 shares traded 3400Stock Futures: gross -95 net -110 contracts traded 6Other Futures: noneForex: none-I need to find my happy pills. My congrats goes out to Glen - he was down bigger than me and fought back to the black. I think he is finally starting to get his shit together. Read more:Trade
, Wednesday
Let's think this out 10/24/2007 2007-10-24 10:41:00 It is time to learn from the damn mistake.-One - I have been trading lower price Big Mouth stocks using increments of 10 to 25 cents. SGR is high enough priced where I should have been using maybe 50 instead to leg in.-Two - once the stop had been blown, take a moment to look at what is going on and don't panic. Panic never makes you money.-Three - it is only $1500 loss. Not the end of the world. Pull the head out and get back into the game.-Four - Look for the positives in the trade. I started following the plan but lost it when the heat was too hot. The bottom line is - I was right on the trade. The execution was not good.-Five - One bad trade does not have anything to do with any other trade.-Six - go have lunch and fricking calm down. A transmission job on your last car cost you over 3 times as much.-Seven - remember you know how to make money. It is learning how to control your emotions. A high percentage of your trades would work out if you let them. Read more:think
Double Crap 10/24/2007 2007-10-24 09:45:00 I know once you are out of a trade not to look back but SGR is now falling like a rock. If I held thru the great pain, this would have been my best trade of the year in stocks.
CRAP 10/24/2007 2007-10-24 09:02:00 I finally really f-ed a trade up. It was a $1500 loss. It should have only been a $1000 if I had gotten my stop in on time. The stop should have been at 72 and I got out at 72.30 instead. This is the first time I really blew a stop loss order. Now I am back in the red for the month and my head is spinning. Maybe I should go walking in the rain? It is raining hard here right now and my head is not clear. Damn-it.
Wednesday Morning Thoughts 10/24/2007 2007-10-24 08:21:00 The Big Mouth Stock today is SGR. The crazy person starts picking stocks that are much harder to short when things get bumpy. I would love to see a nice easy climb in the market to get that game going again.-Other than that I played around in the premarket a little and made a few happy meals on DRYS. I think I could have made a lot more if I just sat on it. Read more:Wednesday
, Morning
Tuesday Trade Review 10/23/2007 2007-10-23 14:59:00 I did another very rookie mistake. After a nap, I came downstairs and looked at my charts and got all excited. Fired off a couple of orders and got filled. Then one of the stocks I was long, started falling quickly. I put in my stop and it got hit. Pisser - as soon as the stock hit it, it started to reversing. Oh shit, even a bigger pisser. My stop order had more shares on it than I got filled for my long. Get out. What a mess. Lost on both sides. So pissed at myself, I get out of my another trade at break even. In the next 10 minutes, that stock goes in my favor 80 cents without me. Note to self - do not trade right after nap.-The numbers:Stocks: gross -13 net -25 share trades 2400Stock futures: noneOther Futures: noneForex: none Read more:Trade
, Tuesday
Tuesday Mid Day Thoughts 10/23/2007 2007-10-23 11:04:00 I do not trust this market. It is amazing that everyone went from being too bullish to too bearish and now is quickly going to bullish again. A lot of traders are missing in action today and I do not know why. I have had many charting, quote and computer issues today. -I forgot how many of my accounts had XHB in it. I was lucky and able to sell a little higher than yesterday. I have made one trade today but again I got out too early. Story of my trading life. Outside of trading, I seem to stay in bad trades way too long (aka - first marriage, and a job or two). Read more:Tuesday
Monday Trade Review 10/22/2007 2007-10-22 16:00:00 This has been my trading plan for XHB. Once we had massive volume that one day, I was thinking it was a good candidate to bottom fish for swing trades. Each time it came down to test a new low, buy a 1/2 position with the idea of selling the first rally or buying a second 1/2 about 1.25 points lower (5%). I had never tried something like this before. I has not thinking this way for the first buy. The second buy I was planning to make but somehow missed it. The third worked perfectly for me. The fourth I bought and the double buy but sold a little early because I was going to be traveling with no PC access. The fifth I took and just missed the double buy when it took off like crazy. I did not want to stay in this position for long not having a good outlook for this market.This is an inter day chart of the XHB swing trade.Also today, I was trying to buy stocks on the morning drip. I was not being aggressive enough but I did catch one - DSX (in fact twice). The second buy I sh Read more:Trade
, Monday
Monday Morning Thoughts 10/22/2007 2007-10-22 07:06:00 Everything is still down like last night. The only difference is the dollar is super strong today. The EURO has lost a weeks worth of gains just in the last two hours. Crude Oil and Gold have also doubled their losses from last night.-Usually, we undo some of whatever happens during the options expiration session. I wonder if we will do that today.-I am going to start looking for some stocks. Read more:Morning
, Monday
, Monday Morning
Here we go again? 10/21/2007 2007-10-21 22:13:00 Just got done with watching tonight's TV with the wife (Desperate Housewives and Brothers/Sisters) and decided to peak at the markets one last time. Talk about a bloody mess. Crude is getting hammered. Gold is getting Hammered. Dow futures (YM) down 115. Nasdaq down -19. S&P down 12. Even Corn and Soybeans are getting hit.-I first saw it when using Bloglines (it allows you to get notified when a new post in done on someones site you have subscribed to) I came across with. I like Brian. He is one of the good guys.-Time for bed. Maybe I should get hammered too? hum.
Tuesday Morning Thoughts 10/30/2007 2007-10-30 07:10:00 "On any given day" - a saying in sports meaning no matter how bad a team is, you just never know - they could win. I am a good racket ball player but not great. I am in a "B+" league at my club. The league has 8 players in to usually. For many years, this league would have four better players and four worst players. The top four would beat up on each other to see who would come in first place. Most of the time, I would fall into the top couple of places.-We got a new player about 3 years ago. He was in the "A" league and would win half of his games there. When he dropped down to the "B+" league, he would kick all of our butts. Our leagues were 3 times a year and for those 3 years; he took the top stop each time unless he was injured.-Over those 3 years, I have never won a match, alone a game against him in league play. He had told me, he was always been scared of me because I have the skill to beat him. Oh, did I say, he hates losing. The reason why I would lose to him is tha Read more:Tuesday
, Morning
Monday Trade Review 10/29/2007 2007-10-29 15:02:00 My day did not get anymore exciting this afternoon. I had a lot of orders in but I would cancel them if they did not get filled within 30 minutes I did have a trade in RIO but after it bounced around for an hour - I closed it out at a small gain. It then went up 50 cents from there. Not fun.-The range of the Dow was very small. I would assume the volume is small. A big PITA.-The numbers:Stocks: gross -30 net -48 shares traded 3200Stock Futures: noneOther Futures: noneForex: none Read more:Monday
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Frustrating Morning so far 10/29/2007 2007-10-29 10:13:00 Missed winning trades in VMW and LDK by seconds. Chased NLY and just could not get filled. Maybe there is a delay in my quotes today? And I was in a trade with MOS that if I gave it a little more room, it would have been a great trade. -This market wants to go higher in a painful manner. Read more:Morning
KISS 10/28/2007 2007-10-28 19:14:00 KISS - Keep It Simple Stupid or the first band I ever saw. As I stated before on this Blog, I have been looking at the currency market trying to figure out a good way to swing trade them. Someone mentioned why not try the 9/14 EMA cross over? So I put the moving averages on the EUR/USD and it looks very good. The person stated "just do not automatically buy and sell when the averages cross but when they look like they are, use your brain". In other words, read the chart at the time.-The chart goes back a year on a daily basis. If you started out that year long, then the first crossover looks to be about Christmas of last year. At that point, I would see there is a triangle pattern. I would give that pattern the benefit of the doubt. The trade would be to sell the long and go short about 1.3100 level.-The next trade would be the rounding bottom in January and February where you would get long again in the 1.3000 area.-The averages do not roll over until just above the 1.3500 area in mid
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