I Threw Up A Little In My Mouth

Today was disgusting.

This job is so harrowing. You're on a roll, making money and then BAM! you get hit.

Yesterday, I made money by trading DE and AG together. Today, I got smoked doing the exact same thing. Shorting AG today because of the weakness in DE cost me over $619.

I could have bought a nice lawnmower with $619. Better yet, I could have paid a landscaping service to mow my lawn all summer. Sigh...

I did make money in DE, shorting the weakness that he was clearly exhibiting. But sometimes, I guess you have to step back and watch stocks individually. AG wasn't showing weakness. I remember it was very clear to me right off the open because I short some and was trying to buy back some shares with a limit order at 41.80. He just wouldn't hit 41.80 and he never looked back. He rallied from that point on. AG rallied from 9:50am until the close.




Ben Bernanke didn't help me today either, or was it the LEI? I dunno, all I know is that at 10:00am I was short everything and I got squeezed in everything. It was awful. UBB and POT squeezed the bejesus out of me. It was awful.

Anyway, the one stock I really made any money in today was DE. So, for your reading enjoyment, here are my trades in DE.

10:23:46 Short 500 @ 118.59 (-500)
10:31:02 Buy 100 @ 118.52 (-400)
10:33:27 Short 200 @ 118.26 (-600)
10:34:03 Buy 200 @ 118.05 (-400)
10:37:56 Buy 100 @ 117.91 (-300)
10:43:09 Short 200 @ 118.19 (-500)
10:44:14 Short 100 @ 118.03 (-600)
10:47:40 Buy 400 @ 117.84 (-200)
10:51:14 Short 100 @ 118.34 (-300)
10:56:22 Buy 100 @ 117.81 (-200)
10:56:43 Buy 200 @ 117.84 (flat)
10:56:45 Buy 400 @ 117.90 (400)
10:57:05 Sell 200 @ 117.84 (200)
10:57:14 Sell 200 @ 117.91 (flat)
14:21:49 Buy 100 @ 117.61 (100)
14:21:54 Buy 200 @ 117.56 (300)
14:21:57 Buy 300 @ 117.58 (600)
14:24:21 Sell 200 @ 117.61 (400)
14:24:36 Sell 100 @ 117.63 (300)
14:25:06 Sell 300 @ 117.58 (flat)
14:42:39 Buy 200 @ 117.69 (200)
14:42:51 Buy 100 @ 117.72 (300)
14:45:31 Buy 100 @ 117.66 (400)
14:45:51 Buy 100 @ 117.69 (500)
14:56:33 Sell 100 @ 117.79 (400)
14:58:26 Sell 100 @ 117.90 (300)
15:09:43 Sell 300 @ 117.88 (flat)

Anyway, with that, I'm putting this day behind me. I'm looking forward to ending the week green tomorrow.

Here's the stats:

P&L -$1467
Best, DE $549
Worst, AG -$619

shares traded, 60,800
stocks traded, 23, 6 positive, 17 negative (bloody ratio)
total trades, 333