Tuesday, April 24, 2007

Evening Wrap Up

-$1259.00

Well today was demoralizing. I feel like nothing worked for me. Not only that, but I've lost about 6K in just over 1 week. That really sucks. I should have stuck to my guns when I sold everything last week and just took a break for a bit.

HANS looked terrible today. Everytime I buy it I lose money. I sold it at the close- 200 @ 38.91

I was stopped out of PMTI, 200 shares @ $37.73, and then it rallied into the close, so I bought them back at $38.13

I tried a scalp on VG, and ended up losing around 200 bucks.

Of course AAPL went down after I bought it, then flailed around while the back-dating options thing settled down, and then closed down afterall.

ONNN looks good, but closed beneath my second entry point.

XING was strong all day, then crapped into the close.

STKL is zzzzzzzzzzzzzzzzzzzzzzzzz

GIGM is zzzzzzzzzzzzzzzzzzzzzzzzzzzz

The only bright light, or the only buy that went up after I bought it was SGEN, a speculative biotech play.

I don't know what else to say. I'm frustrated with my trading, and the only way I know how to make the bleeding stop is to sell everything again and take a break. However, I don't want to do that as I feel the Nasdaq is on the verge of breaking out. Basically, I'm a mess right now.

I should add that the stockalicious widget is a blast when I'm making money, but when I'm losing, its like getting kicked in the teeth.

6 comments:

mdawsz said...

Hey, I'm down more than a full percentage point, and at least you sold out of DIVX. Based on the way PMTI has been bouncing off the LOD I fudged the stop and held it.

NewEquity said...

You are guaranteed to be back at break even if you keep trading in and out like a madman.

Dinosaur Trader said...

TWW,

I've been in quite a long slump... much longer than a week.

Sometimes, the thing that helps me want to face the market again is reading one of my old favorite trading books. I always recommend Reminisceses of a Stock Operator. That guy lost a few fortunes on his way to trading fame... it happens.

Try to put the past behind you and focus on tomorrow with a fresh face. Like you're a new trader.

-DT

Woodshedder said...

NewE- it sure seems that way. What advice might you have to give?

DT- I've picked up Trading Your Way to Financial Freedom, and am working through some of the personal objectives there. My personal and professional life have changed so much in the past 2 years that maybe I also have to make changes in how and what I trade.

NewEquity said...

_
InPlay: DivX announces chief financial officer John Tanner will be leaving the co at the end of May

Ragin' Cajun said...

Hopefully we get some fantastic numbers from AAPL, I think we do. If you recall they lowered guidance for this quarter on the last CC. I smell UPOD coupled with the IPHONE = $100+.

I noticed your not playing NTRI, you might want to take a gamble with the rest of the blogosphere, it's quite possible we see capitulation of the shorts, but then again it could be blood on the street.

Just my thoughts...