Friday, April 27, 2007

Yo La Tengo, "Tom Courtenoy"

If I'm in a bad mood, this song will normally pick me up a bit.

When I'm in a good mood, this song puts me in a better mood.

Good end of the week song. A heck of a lot better than that damn Loverboy song...

A good day... finally!

Well, it was bound to happen eventually.

I took advantage of a freaky hybrid trade in CF this morning and caught a good short. Later, I caught a good long in WCG as it bounced off of it's 50-day moving average.

And I just missed what would have been an excellent trade in CMI. Instead, it was my worst trade and my worst stock of the day. I got short a little early up at 105.85, put my buy stop at 107 and was stopped out near the highs of the day. After that, the stock tanked. Well, it happens.

Anyway, after I got "poleaxed" yesterday (to borrow a term from "the Fly" ... Who would think he could build my vocabulary?), I'm pretty happy with today's outcome.

I'm not going to go crazy with analysis here. I'll say that everyone who has suggested I take my P&L off the screen were right. Even yesterday when I lost money and traded close to 100,000 shares something felt right again. I know that seems strange, but something clicked.

So I'm taking this Friday win and running with it. I've stopped worrying about the fact that I'm having my second down month in a row and my second of my 8-year trading career and focusing on the positives. These last 2 days I've traded again. I was in and out. I only thought in terms of opportunities and not in terms of dollars and cents. I quit worrying about how I'm going to manage to feed my family 10 years hence and just worked.

Tomorrow, I'm taking a meditation class. First time. I've been in a base for a long time. I need some catalysts to break me out of it. This blog and the VO have been two positive developments a quieter mind will be a third.

Then I'm really gonna start pulling some Jedi crap out of my bag.

Here's the stats:

P&L $1843

Best, CF $1236
Worst, CMI

shares traded, 42,800
stocks traded, 26, 11 positive, 15 negative
total trades, 248

Have a relaxing weekend, all. Thanks for reading.

Virtual Office $6687, Dow 15.44, 13120.94.

Misstrade, $5030 on 24,600 shares traded.
DinosaurTrader, $1843 on 42,800 shares traded.
EvolutionTrader, $628 on 32,600 shares traded.
One Bad-Ass Trader, $554 on 26,600 shares traded.
NYSE Scalper, $398 on 33,400 shares traded.
DenarriTrader, $118 on 2600 shares traded.
TradeWhileWorking, -$729 on 2400 shares traded.
Dehtrader, -$1155 on 16,800 shares traded.

A choppy day for the VO. Although most members were in the green and that's always good.

Without the gains of Misstrade, we would have had a very lackluster day. However, if you read this post daily, outsized gains by Misstrade are becoming the norm. I had a nice bounceback day after my trouncing yesterday and ET and OBAT had nice days again. The Scalper wasn't really feeling it today but still had a nice green day while Denarri kept up with his quietly green way of being.

On the downside were disappointing days for TWW and Dehtrader. Go check their sites to see what went wrong.

Have a great weekend. Tomorrow I'll have a list of non-trading links posted. I'm still working on my next history post. It's been a challenge this week to find time to write. Hopefully, this weekend I'll have some time.