FSLR earnings are Faded

FSLR- The gap up- fade trade. FSLR had earnings this morning. Wish I faded this gap.
Gold long scalps (I partly based my long scalp on oil getting support)

My first trade on Crude was bad. My second scalp was decent.
Airlines seem to move the most right after the open.
Finally got a good signal on AAPL, I should have held half for my buy signal.

Apr 17, POT, FSLR, fakeouts

I covered my POT put around 192-193 around 11:30am, volume was looking heavy and we got OPEX tomorrow. I think a lot of people were sucked into buying POT when it was a close to breaking 200, then sellers came in and droped it over $8 in less than an hour. Similiar action seen in FSLR when the price hit 300.

Covered too soon

The Bounce I was expecting


Sellers came in at 300

Apr 15, Tax Day, Gap up with Bearish open

I expected a bullish morning today, but the market decided to chop and drop for the time I traded. I've got work early this morning, so I'm leaving trading early today.

I filed my taxes yesterday. I waited until the last day to turn them in because I had to pay around $10,000 from the money I made in the market last year (the majority of my profits that I so fortunately lost all in 1 day,,,January 21). Paying these taxes off has given me a feeling of relief. I'm now preventing from having more stupid mistakes like this by taking out a certain percentage of my trading profits every month so I will have money that will go towards paying off taxes in case I blowup again. So far, no blowups. My goal this month is no blowups, and to be profitable everyday, even if the profits are small like they are today. I also put in a letter with my tax returns, electing for Trader Tax Status. I'm not sure how Trader Tax Status works exactly, because it's vividly described in IRS tax documents, but I think it would be of benefit to me, so I can make tax deductions next year for all my trading business related expenses.(ie computer, news feeds, software, etc.)

Here's a link about Trader Tax Status. (thanks to Tapeworm)




Averaged in 50s at a time on FSLR long, looking for retest of highs.
Got a good base buy signal on JNJ and got stoped out for 13 cent profit.
Bearish open after small gap up on the indices.

Stock of the day FSLR

Believe it or not I made money shorting FSLR. CRAMER really juiced the shit out of that stock on Mad Money last night. Anyway, I got lucky picking the top at 11:30am and was smart by scaling in with 50s. Other than that trade, most of my trades were small scalps for a few bucks. I haven't setup my charts with trade signals and I've been missing trades in the stock indices (I reformatted the hard-drive making the switch from Vista to XP and I lost all my chart setups).