Monday, November 26, 2007

It Hurts

I mean, I've seen this coming for a long time. Since August I've been saying "we're going lower" and "look at the weak volume on the up days."

Blah! Blah! Blah! I made $39 dollars today. It hurts to suck that badly when you're "right" on the general direction of the market.

And frankly, I'm sick of it.

Truth is, I don't quite realize what it is I'm doing wrong. So, instead of rushing this post, I'm going to delve into each of my trades today and see what the heck I do here, sitting at the computer all day. Really, I have no idea.

If I figure anything out, such as, how one can make money being on the right side of the market, I'll share it here.

Here's the stats:

P&L, $39
Best, BIDU, $338
Worst, AB, -$327

33,800 shares traded.
22 stocks traded, 10 winners, 12 losers.

8 comments:

Sanglucci said...

Yea man it was a tough day for some reason I couldn't scratch a damn thing out either but the market just kept pukin... Did you catch any of the moves in those shippers???? Damn that shit was nuts... Only productive thing I did was take VMW short on my side acct. at 79.50... Other than that today was tough!

Reese said...

Hey DT, good to see you back in the swing of things (blogging)...couldn't tell you how to make money in this market..I haven't taken a trade in weeks and it's killing me...actually, join Misstrade's service and see what the hell it is he's doing to make consistent profits like that.

StockHunter said...

hi Dt, thx for adding me to your mybloglog contacts.
It seems that quite a few traders got caught today. I was up nicely in the morning, then took a few bad ones, went deep into the red and luckily was able to get back slightly to black by the end.
Where else could you be so wrong and yet so right? Crazy friggin mkt it is...

Dinosaur Trader said...

hunter,

Same deal for me. I was actually thrilled with making $39 because at 3pm I was down a grand.

I guess it was a tough day. Lots of traders seem to have had chop.

-DT

bloggerdotcom said...

Maybe today was cursed somehow - you may have noted that GOOG finished exactly at 666....

Dinosaur Trader said...

BDC,

Creepy stuff.

-DT

tapeworm said...

don't forget that u are in that upper 1%, so u must do something right...don't let one day's opportunity make u think u are one of us pikers!

welcome back

btw, the only thing good about you not blogging, is it cut my blog reading down by 1/3...now i will constantly feel the need to check on this site, and i could really use the 3' in other areas

Dinosaur Trader said...

tapeworm,

I will try to keep you entertained. I hit a dry spell, which is part of the reason why I stopped blogging there for a bit. Yes, the market was nuts and I wanted to focus on it, but I also felt that my creativity had dried up.

Hopefully, I can make your time here well-spent.

If not, there's always movethemarkets.

-DT