More work needed

I need to get to know the market better. I am still naive about the market.

No more trading for September

Gross -48
Net -55

It’s a late post. I traded yesterday, but again ended up negative, actually was being shut down for excessive loss. So I have decided to keep my profit for September (around +160) and stop trading for the rest of September.

I need to research more into different stocks and continue to study charts and have more patience for trading. I will try to post some other stuff on a later date.

2nd day of losing money

Gross -44
Net -48.0036
LFT 48.0036
Trades 26

I took a day off today. I should have written this last night but somehow I just lost my motivation. It’s only the 2nd day of losing. My motivation should not be this low.

As you can see, I did only 26 trades. Out of 26 trades, only 2 trades are winning trades. It’s terrible. The moment I sat down and trade, I just got beaten hard.

I know I am not focused enough. I don’t know if it’s because of moving or is it because that I start to doubt myself again, wondering if I could make it in this business.

I have to go through this stage. I have to.

All over the place

Gross -34.00
Net -44.27
LFT 50.1140
Trades 72

Today should be a beautiful day. Monday. After 2 days of rest, everything should be fresh. Nevertheless, my mind is so stressed out. Whenever I think of moving and other tiring stuff, I just feel terrible. My trades are fine. Took few winners, alot of losers. I should have stopped trading AMX long time ago. All the stocks I looked at today was out of place. Yet, today should be a beautiful day.

One thing is that, i am not focused enough. The milk tea from Tim Hortons is a disaster, bagel tasted like shit.

Anyway, I need to put things together again and make sure I can be calm and focused for the rest of my September.

Over trade

Gross 22.00
Net 8.0936
LFT 35.82
Trade 96

Friday was a almost peaceful day, yet I over trade alot. There are many trades that I should not have got into. I was up nicely about 50 something in the morning. After that, I was so bored of the market that I went into meaningless trades. I still need to discipline myself to stay out of trading when I need to.

September is coming to an end soon. I am expecting something more positive than last month.

New high! Hit 3 digits!

Gross 139.22
Net 127.41
LFT 0
Trade 88

Today is a good day! I took trades slowly and avoided going into meaningless trades. So, I hit a new high! And as you can see, the small difference between my gross and net means I added in lots liquidity and resulted smaller fees today. I stopped trading at 2:30pm as I hit my new high.

Most of my winner came from trading IBN and CBH. The trend is good today. Another thing I did is I started to trade 200 shares slowly. In a situation where my confidence is low, I will start with 100 shares and add to my winning position.

As you can see from the chart below. My big winner was when IBN broke its early day range and all the way down. I closed my position at the very bottom, so that I have maximized my winner. I should trade like this everyday!

Disaster today!! -.-|||

Gross -31.00
Net -40.53
LFT 41.37
Trades 73

As everyone expected, crazy day. I expected, like everyone else. Yet I still got killed on this day. Due to the freaking fuXXed up Level II and time&sale, everything was wrong at 2:15-2:30pm…

I was in 20 cents in the money yet I couldn’t get out from my position. I have to take a market order and got out with 16 cents loss. Then I realized that whenever you try to take the advantage of the market, market kills you. What a good lesson that the market has given me!

Matt was in the same situation as mine except that he was trading the futures which made him loss a big time. I think I was freaked out then. Stunned. Not knowing what to do. Speechless.

Anyway, I will try to focus on the trade and strategies itself tomorrow.

Ok..day

Gross 54.00
Net 38.84
LFT 36.84
Trades 109

My day was okay. I was a bit disappointed though. As you can see from my Loss from top, it is almost half of my net. I was up about 70 something in the morning, and then I took a few bad trades.

Today, my best trades are from CBH where I used mostly trend to trade. This means that I buy on uptrend and sell at downtrend. It worked pretty well. I also added on my winning position which allows me to take bigger winner than what I usually does (>15 cents winner)

Anyway, at least positive. Abit tiring from learning to drive these few days but I guess I will be better and I have to be better.

Quiet day, good trades

Gross 82.00
Net 58.41
LFT 4.19
Trade 145

I came into the office about 20 min earlier than what I usually do. It is nice to come in abit earlier, so everything is not too rush. After yesterday’s rest, I feel energetic and more patient today. 95% of my trades today are with KSS which is a stock that came out of my research yesterday. It turns out to be a nice stock to trade.

I trade with trend mostly this time. I got a nice 19 bucks winner with my last trade. I was waiting for it to broke 57.00. BUt obviously it does not have the momentum to do so. After taking a 4 cent loss from going long at 47.00, I quickly switched my decision and went short at 57.00. It quickly down to 56.81 and I grabbed my profit quickly. Overall, nice day.

emmm..maybe I need some rest

Gross -4
Net -16.19
Loss from Top 16.1979
Trade 90

As you can see from my LFT, I didn’t make much to the positive zone today. Quite tired lately. Anyway, to keep it short, I made most of my money from RIO today and loss them all to trading ACH. Therefore, I have decided not to trade ACH for the next trading session.

Keep the spirit up.