Weekly Stats For The Week Ending 3/23

Monday: $236

Best: HRT, $203
Worst: POT, -$113

8 stocks traded: 4 positive, 4 negative

Tuesday: vacation
Wednesday: vacation

Thursday: $142

Best: IPS, $192
Worst: MTW, $78

13 stocks traded: 6 positive, 7 negative

Friday: $437

Best: RDN, $467
Worst: FED, $128

16 stocks traded: 7 positive, 9 negative

Overall, I'm pretty happy how this week turned out. Yes, I missed the huge rally on Wednesday, but as JC eloquently posted over at A Scalper's Tale, "If I were to constantly mull over missed moves or mull over how much potential profit I could have taken had I been there, I'd probably second-guess myself at every turn and on every decision I make..."

True, true, JC.

Anyway, I had 3 positive days in a row. I averted a huge disaster on Monday, took a couple of days to clear my head and finished the week pretty strong.

Next week will be a somewhat dramatic one for me because in my 8 years of trading I've never had a net-negative month. I'm currently down a few thousand dollars for the month. I will have to have a solid week to pull positive and keep my streak alive.

Have a great weekend. Thanks for reading.

Weekly Stats for the week ending 03.16.07

Monday: $28 (hahahah)

Best: CRS $349
Worst: TNH -$163

25 stocks traded: 11 positive, 14 negative


Tuesday: $330

Best: FED $501
Worst: PCP -$74

15 stocks traded: 6 positive, 9 negative


Wednesday: $2286

Best: SQM $762
Worst: GHL -$296

20 stocks traded: 13 positive, 7 negative


Thursday: -$847

Best: TNH $409
Worst: SQM -$512

13 stocks traded: 4 positive, 9 negative

Friday: -$185

Best: SQM $469
Worst: TNH $391

11 stocks traded: 4 positive, 7 negative

Total: $1612 Weekly Profit

Notes:

Not a bad week excepting Thursday, which hurt. I think it's strange that on a couple of days my best stock then turned out to be my worst stock the next day and vice-versa. Not sure what that means exactly, other than perhaps I do well in a stock and I think I'll do well again, so I get more aggressive in it and then I get smoked. But still, that doesn't explain why my worst on some days becomes my best the next. Who knows? It probably means nothing. But I'll be watching for this pattern more now.

Enjoy your weekend. It's St. Patrick's day tomorrow. Don't do anything stupid.

4:13pm EST

Weekly stats:

Monday: $756.36

Best stock: HRT $800
Worst stock: BLK -$672
26 stocks traded: 16 positive, 10 negative

Tuesday: -4031.05

Best stock: AB $820
Worst stock: SPY -$1750
23 stocks traded: 7 positive, 16 negative

Wednesday: -4081.79

Best stock: HRT $659
Worst stock: POT -$1533
19 stocks traded: 6 positive, 13 negative

Thursday: -0.078
Best stock: CFC $148
Worst stock: SPY -$156
7 stocks traded: 3 positive, 4 negative

Friday: $79
Best stock: TNH $395
Worst stock: SPY -$252
13 stocks traded: 5 positive, 8 negative

Total P&L for the week: -$7277.55

Perhaps my worst week ever as a trader. Lowlights included being reigned in by the Risk Managers at my company and nearly losing all of my capital.

In short, seemed like a great time to start this blog. I already learned something just by looking at these stats. I should not fight the market. I was trading the SPY all week and losing because I was bearish and the market was rallying. It doesn't matter if those rallies were coming on no volume they were rallies nonetheless and I shouldn't have been shorting them.

I plan on doing some reading this weekend to get my head straight. When I've slumped in the past it has helped me to read books on trading. I'll report any special wisdom to the blog this weekend.