Monday, July 9, 2007

The Sun Shines On The Solar Sector

Wow, just check out JASO, TSL and FSLR. Gigantic moves.

So if I traded these stocks today, why didn't I make huge money?

Small size first of all. I took a couple of points out of TSL, but only with a 200 share position. Likewise with JASO. So while I made money in these stocks it was only for a fraction of their whole moves and only with small share size.

And, every other stock I traded that wasn't in the solar sector I lost in.

At the end of the day I was very surprised I lost money. I felt I had a couple of good winners and that I managed most of my losers. One exception was DE a stock I lost money in 3 separate times trying to short. But overall I managed my losing trades well. The reason I know this is because I had 10 losers today and only 4 winners yet I barely lost money. So I kept most of my losers very small.

DE wasn't a disaster, I lost a total of $274 in the stock. Also, I realized my mistake (shorting strength) immediately, took my loss and moved on.

I'm cutting this post short because it's late (and I'm writing lazy) and I'm waking extremely early to get to the beach for surf. I lost money today but overall, I'm happy and my confidence is growing.

Just like a market in rally mode you want to see big gains in high volume and losses in low volume. I consider a $40 loss a low volume pullback. I'll take losses like that any day of the week.

Here's the stats:

P&L, -$40
Best, TSL $312
Worst, DE -$274

shares traded, 11,200
stocks traded, 14, 4 positive, 10 negative
total trades, 89

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