Tuesday, June 12, 2007

Solid Day

Today felt good. Not one bad loss or stubborn trade. I didn't fight the market. I missed the rally between 1 and 2 because I really don't like to trade those hours, but didn't chase it. Had I chased, I probably would have been buried. Instead, I waited and got short again.

This tape is weak.

I wouldn't be surprised to see a couple of mediocre bounce days here and there. Tomorrow should be a telling day because of all the data to be released. Should be fun.

Anyway, once again, TNH made my day. Here are the trades I made in him.

9:33:50 Buy 100 @ 95.35 (100)
9:34:37 Sell 100 @ 95.60 (flat)
9:40:03 Buy 200 @ 97.54 (200)
9:41:00 Buy 100 @ 97.10 (300)
9:42:52 Buy 100 @ 97.86 (400)
9:44:32 Buy 100 @ 97.33 (500)
9:45:12 Buy 100 @ 97.73 (600)
9:47:40 Sell 200 @ 98.00 (400)
9:49:02 Sell 100 @ 97.65 (300)
9:50:40 Sell 100 @ 97.50 (200)
9:50:53 Sell 200 @ 97.42 (flat)
11:23:12 Buy 100 @ 94.64 (100)
11:26:44 Sell 100 @ 95.64 (flat)
11:35:27 Buy 100 @ 94.86 (100)
11:47:22 Sell 100 @ 96.08 (flat)
11:55:51 Buy 100 @ 95.89 (100)
12:13:35 Sell 100 @ 95.83 (flat)
14:52:20 Short 100 @ 94.42 (-100)
15:00:42 Short 100 @ 94.93 (-200)
15:18:40 Buy 100 @ 92.91 (-100)
15:27:33 Buy 100 @ 92.25 (flat)

It was somewhat frustrating because I had a hard time building my normal position in him today. But again, I showed restraint by just taking what I could get where I wanted it instead of chasing the stock all over.

Anyway, besides my win in TNH I had solid gains in ARD and CMI. My only triple-digit loser was in WCG. One trade, one loss. Kept me sane.

In other news, I raised some cash in my swing account (see the stockalicious ticker near the bottom of this page) by selling my laggards WAT and ARWR. It was tempting to want to sell my big winners, MVIS and KOG to lock in the gains, but I thought it was a better idea to sell the stocks that could turn into potential large losers faster. Needless to say, at this point, I'm keeping a close eye on the general market. It could be a good time to start scanning for some shorts.

I'm looking forward to trading tomorrow. I can't remember the last time I was really interested to see how the market would react to economic news, but intrigue is back!

Anyway, here's the stats:

P&L, $1230
Best, TNH, $737
Worst, WCG, -$114

shares traded, 29,200
stocks traded, 21, 11 positive, 10 negative
total trades, 203


Glenn said...

Nice day!!

Attitude Trader said...

Dude, you're smokin'! I think you've been working on your attitude without telling anyone. Taken any more meditation classes? It's good to see you blogging in good spirits.

And BTW, one of the reasons your site is one of my favorites is because of the real-life stuff you include (chasing dogs down the street during trading hours, toddler accidents on the kitchen floor, Hampton Inn, etc!). I think our trading is affected by every other aspect of our lives. We don't trade in a bubble. Oh, and thanks for the nod today.


Dinosaur Trader said...

Thanks guys!

Well, I'm pretty happy to be flat again on the month after I took a drubbing one day last week. But for the first time in awhile I feel some gains coming my way.

My attitude has improved (-71 on the year now) but I also feel like the trading environment is improving.

As for the real life stuff, I want to get more back into the blog but I feel I've been very busy lately right after the close and haven't had the time to focus too much on it. It's tough this time of year.. the weather is good and I want to be outside.

Anyway, thanks for the kind words,