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 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).