Friday, July 6, 2007
To keep with my recent baseball theme (even though I'm more of a hockey fan, sorry dad) I'll say that team Dinosaur Trader scored a run this week.
4 trading days and 4 singles.
Nothing crazy or anything, but then I was trading with really small size, often with 100 or 200 share positions. Hitting singles like today will keep increasing my confidence. Hopefully soon I will be comfortable trading 500-800 share positions again with this new method and then I can get back to making a respectable living.
That is after all, the plan.
For the time being, I'm going to keep with this baseball theme. We'll see how long it lasts.
Here's how I'll work it.
0-$100 = Ball
$100-$400 = single
$400-$800 = double
$800 - $1500 = triple
$1500+ = home run
I'm open to suggestions on how to do the loss side of the equation. For now, I'm not thinking about losses though.
Anyway, I had a pretty active trading day, especially since it was a summer Friday.
My best stock of the day was FSLR which is odd because I rarely trade Nasdaq. I was on the Wallstreak message board and "Stewie" mentioned JASO. This got me thinking solar which got me thinking FSLR. I liked it and hopped in at 95.50 for 300 shares at around 2:30.
It slowly trended up to 96, the high from the morning, which I was watching as a breakout area. Problem was that just as it hit 96 I was busy writing my Net Neutrality post and missed the opportunity to buy more. I also missed the opportunity to sell on the way up and instead got out of my shares at 96, on the way down.
Ah, the life of an idiot.
My worst stock of the day was OSK which I bought around 65 and got chopped out of. I won't even bother posting the graph. It flatlined. I thought when he traded 65 he'd break higher and move with CMI. Unfortunately they both stalled and I was caught in a stinker.
Ah, the life of an idiot.
But anyway, I had a nice day. I surfed pre-open and rode my bike the 4 miles into town to meet my wife, daughter and grandparents for some lunch. Best yet, since they know I'm struggling, they picked up the check!
Have a great weekend everyone. Should be a nice time to hit the beaches, the weather is perfect!
Here's the stats:
Best, FSLR, $154
Worst, OSK, -$81
shares traded, 10,800
stocks traded, 15, 8 positive, 7 negative
total trades, 72
HPT, $409 on 15 contracts traded.
Me, $291 on 10,800 shares traded.
OBAT, $69 on 2800 shares traded.
Denarii, -$77 on 3000 shares traded.
Evolution, -$147 on 27,700 shares traded.
Well, the VO ended this slow week on a green note. Nothing crazy, but green. And really, it wasn't a bad week considering the messed up holiday schedule.
HPT is doing a good job of taking a little money out of the market every day again. I'm on a modest winning streak and OBAT is back to being the quietly green guy. Not bad.
Enjoy the weekend everyone. Earnings season is fast approaching. Should be the last opportunity to make some good money before August hits the market like a wet towel.
A big wet boring towel.
Listen, here's a very important subject that I've personally not paid too much attention to because I thought it was given that Net Neutrality would be preserved.
However, that's no longer looking like the case.
If you blog, then you should follow this link and make your voice heard. You have all weekend. Do it at night, after you get home from the beach. But do it by Monday.
If you don't blog, then you have loads of free time on your hands and have no excuse. :)
If you don't know who our elected representatives are, follow this link and type in your zip.
It's that easy and it's very important. Blogging is a valuable source of information and it's still in it's infancy. Abandoning net neutrality would hinder it's growth.
If you like the Cure (if you're that old) then you should like this song.
I feel like there was some decent action today. However I'm closing up shop here now unless something interesting happens in the afternoon. Summer Friday...