Note on setting daily goals: Better to trade with the market rather than setting daily goals. I am finding that on sideways days and days that I really don't like the market activity, it's best to just stay put (there's nothing wrong with sitting out and waiting for better opportunities.....cash is always good and hasty goal induced decisions/losses are not!)

Tuesday, January 25, 2011

Trades for 1/24/2011 - 1/28/2011

Trades for 1/25/2011:  $564.00 profits
Traded with the YAKGROUP

Bot 1000 shares of TLAB @ 5.68 and sold @ $5.66 for a $20 loss. 
Bot 1000 shares of MNTA @ 13.49 and sold @ $13.83 for a $340 gain.
Sold 100 shares of V bought last week for a swing trade for a $244 gain.

Trades for 1/27/2011: -189.49
Bad prediction.  Would have never guessed Netflix would come out with good fins with such old movies.

Sold short 100 Shares of NFLX @ $209.32 and covered @ $211.21 for a $189.49 loss

Trades for 1/28/2011:  $116.45 profits
Betting against AMZN fins and lost.  However, made up in V short

Sold Short 75 Shares of AMZN @ 170.74 covered @ $171.35 for a $68.60 loss
Sold Short 100 shares of V @ $72.55 covered @ $70.70 for a $185.25 gain

Trades for 1/17/2011 - 1/21/2011

Did not day trade this week due to death in the family (one of the advantages of day trading is that you can set your own hours and trade around life).

However, I did take the opportunity on the recent fins selloffs to buy both C and V for longer term swing trades.  Sell targets:

V bot $69.50/60 target $72
C bot $4.85 target $5.25

Tuesday, January 11, 2011

Trades for 1/10/2011 - 1/14/2011

Note: will be adding to this post during the week when time permits. Trading very lightly this week as we have been experiencing snow and ice storms so internet has been intermittently working (not to mention hard to concentrate with kids home from school).

Trades for 1/10/2011 - $20.00

Started the morning with a nice scalp but then gave it back with a loss....
Note: bad day due to trader error.  Yak group made 4 successful (very quick scalps) trades.  Never a good idea to trade when your off your game.

Trades for 1/11/2011 - $160 profits See video from OMGYak.com (trading room)

Trades for 1/12/2011 - 1 open trade
Purchased 1000 shares of LF @ 4.20 on the early morning sell off.  Trading with the YAKGROUP (http://www.omgyak.com/).  Stock traded downwards and sideways for the most part of the day.  Held over night for a swing trade.

Trade for 1/13/2011 - $170 profits

Was able to catch the high of the day this morning and sold my swing position in LF (lucky trade). 

Saturday, January 8, 2011

Trades for 1/1/2011 - 1/7/2011

First week of 2011 small scalps taken on BGP, C, XOMA, XING, XOMA

On line brokers: TradeKing
Last week, I found TK to be difficult to short with.  I missed out on several good trades because TK was unable to find shares.

Trading Rooms:  OMGYAK BullsonWallStreet StockSeasonality

Borders Group Inc (NYE : BGP)
BGP - click to zoomC
itigroup Inc (NYE : C)
C - click to zoom
Qiao Xing Universal Resources Inc (NSD : XING)
XING - click to zoom

Xoma Ltd (NSD : XOMA)
XOMA - click to zoom