Wednesday, June 20, 2007

Virtual Office, $8982. Dow, -146.73, 13488.69.

Misstrade, $4410 on 9500 shares traded.
Me, $2977 on 7000 shares traded.
HPT, $1006 on 36 contracts and 200 shares traded.
Evolution, $589 on 61,400 shares traded.

Crappy day for the market, excellent day for the VO.

Misstrade turned some shit (fertilizer joke, stay with me people) into money with a nice short in TNH. Keeping with the agricultural theme, I had a nice gainer with LNN which I held overnight into the earnings gap-up.

HPT had a solid day and even slummed it in the stock market for a trade. ET, went on a trading binge... ET buddy, you're overtrading! HAHAHA!

Anyway, another heavy volume loss for the market. Recently, the market shrugs off these losses with bigger gains. Kind of like the whole, "Hey, they knocked down the towers now we're just gonna build them BIGGER" mentality. Let's see if it works again.

My daily post and music video will have to come later this evening as I am busy immediately after the close.

6 comments:

MIsstrade said...

let me know if you want my futures trades also, I have never provide you total contracts and money made there also.

MIsstrade said...

swing trading makes money buddy, glad to see a nice day on your books, no more scalping. Scalping for suckers.

Dinosaur Trader said...

Misstrade,

Just because I haven't made money these last few months scalping doesn't mean that it is for suckers. It paid my bills for a long time. Besides, you made some TNH "scalps" (your words) just the other day.

Perhaps it is not best for this market (or, more specifically for this hybrid market) but I'm sure there are people who are figuring out how to make it work.

Thanks for the words about my day, and let me say the same for yours!

I hope to have more like it soon. However, I've been down the road of one-step-forward-two-steps-back too many times these last few months to feel sure of steady success from here on out.

-DT

Anonymous said...

so you held LNN into the earnings- sounds like true gambling w/out an edge.
gt

Dinosaur Trader said...

Gator,

Well, yes, most of the time I'd agree with your there.

However, LNN has a HUGE short interest and was pennies away from an all time high going into the earnings report. It's also in a hot industry now as all agriculture stocks have been on fire.

So while I don't normally hold stocks into their earnings reports, this time I felt it was a good risk to take.

BTW, I forgot to comment back on the rap you left the other day. What's the name of the song that it's from?

-DT

Anonymous said...

figured you'd have an edge and your reasoning makes sense. just need a larger samplin size now.

song- insane in the membrane by cypress hill.

i thought the title and this line were trading relevant.
"The lights are blinking
I'm thinking
It's all over when I go out drinking"
gt