Thursday Trading 10/13/05
I had quite a few trades today so I won't be listing them all.I shorted PII this morning at 44.21 and covered at 43.89 and 43.83 for a +.32,+.38 winner.I then went long at 44.60 and sold at 44.75 for a +.15 winner.Next was NEW long at 33.25 sold at 33.44 for a +.19 winner.Had a small loss going long in RIO for -.03, then I went long at 39.06 and sold at 39.20 and 39.25 for a +.14,+.19 winner. Long RIO at 38.57 sold at 38.75 for a +.18 winner,then short at 38.50 covered at 38.38 and 38.36 for a +.12,+.14 winner.A(agilent) caught me again today short at 30.40 covered at 30.41 and 30.50 for a -.01,-.10 loser(yeah that one pissed me off).I won't be trading A anymore,officially.Smack me if I post anything about A anymore,terrible fills on that thing now.To wrap it up I had a good day all in all,there were a few more trades here and there,just small scalps.Looks like the bulls tried to make a run at it in the late afternoon.Again unless they trade the SPZ5 above 1185 I would not expect much.
posted by txtrader @ 4:13 PM
3 comments
3 Comments:
Hi txtrader,
I really admire your consistency in making scalps and cutting losses so quickly. I think I still need to sharpen my saw in that area. Actually I need to make a saw first. :)
I also sometimes trade two or three stocks simultaneously. And I think I get confused and convert some winners to losers. I have to stop my temptation I guess.
have fun,
Prathap
I am not a scalper...but this is a great trading blog. You really show how you take profits. Sometimes this is difficult for all of us especially if you don't have predefined rules.
Thanks for the compliments.Yeah Prathap its all about keeping the losers small and being consistent,just takes time. Welcome to the blog Steven. :-)
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