V stands for Visa, not Vendetta

The stock of the day was V, or as I like to call,
THE V TRAIN!,,,,,,,,,, ALL ABOARD!
V and MA were hot stocks to trade today. I sold V way too soon. Ouch!


Meanwhile all the Ag stocks continued there sell off. I should have held that PUT option on POT from a couple weeks back.

Saw some support in Crude Oil so I got a LONG scalp on XOM.

Signals on YM worked good today-

I sold FSLR WAY TOO SOON, should have scaled out of my long better.

This stock gapped down big in the morning and was on my scanner, however volume lacked so I only stayed around for a small scalp.

Good signals on ER2, should have entered with 2 contracts and scaled out based on my signals.

Got impatient with this trade and Oil was beginning to bounce, so I exited early.

Saw support in Crude Oil so I shorted Dug, this was a good trade.

I wasn't brave enough to trade Crude Oil even though my signals looked good.

My signals on AAPL always seem to work, I just need to be more patient.


My Trades

P/L

600 posts and counting

Todays post #601. Yeppie. Anyway I'm getting back into the habit of trading now since I've got my computer running without any "Blue screens of DEATH". Chucking Vista and moving back to XP was a wise decision.

Today I decided to join in and chat with some other traders on WallStreak. There were some great calls today such as: Buy on GS near low of day, buy on GOOG at 449, and V right before it broke out in the afternoon. Although I didn't take many of these great trades, I was able to stay focused better by paying attention to what others were saying about the market. Thanks Stewie, MJ, Johnson, Blue, RaginCajun, PinoyTrader, YoungChuckNorris, Ainkurn, Denarii and others.

Today I did something I normally don't do, which is getting up early to trade. I'm sick for the 3rd time this year. I fell asleep in my recliner last night at 8pm tired as hell, got up at 3am and went to breakfast as Denny's(I ate SLAM IT UP, pick 4 breakfasts entrees- I had 2 scrambled eggs, pancakes and suasage). I came home and played CALL OF DUTY 4 online for an hour and then at 6am I went to my computer to trade. I traded the whole day while taking small breaks to snack on lunch meat. If you look at my trade log below I was making trades every few minutes pretty much the whole day while also chatting on WallStreak. The key to my success today was averaging in on every position(It helps keep stress down). Even my shitty trades on FSLR and GOOG that popped in my face, I was able to recover from by averaging in on each trade.