Saturday, October 30, 2010

Hard to believe I had a profit

So after the first four months of this year, I actually had a profit of $3039.89. Then the flash crash and my new learning curve began. At first I fought the new trend, then I tried to learn how to short the market with live money instead of paper trading. Let’s just say that July was a very expensive month for me. I believe I was down $4100 in July. Then you add a small loss June, July, August, and October and you will have a losing year. It has been a rough Summer, but after I turned off the news, went back to my opinion, all things started to turn around. I also now feel armed and ready to play the downtrend, shorting stocks and playing ETF’s when the market reverses. The only question I have, will I be fast enough?

So after a banging Summer, I can honestly said that I learned a lot. I also know that I could sell everything right now and almost be even, but why do that when I like my positions. I wish I had more cash to cover more positions.

$0 realized profit today. November realized gain = $0.00 AVG = $0.00 a day. Personal goal = $50 a day.  0 of 21 trading days for October complete.

Unrealized and still holding: $2344

Year to date: ($2762.60)

Stock

Entry

Price

Stop

Profit

% Gain

FFIV

$100.5

$117.70

$110

$292

17

KOG

$4.27

$4.13

$3.93

($78)

(3.28)

LVS

$37.59

$45.88

$41.35

$1574

22

PTEN

$19.70

$19.41

$18.63

($29)

(1.47)

PWE

$22.34

$22.80

$21.82

$46

2.06

SBUX

$28.53

$28.56

$27.39

1.84

.11

SCCO

$39.72

$42.80

$41.40

$538

7.74

Earning Report Dates:

KOG –  11/4/10

PWE – 11/5/10

SBUX – 11/4/10

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