Trade – February 9, 2016

Trade – February 9, 2016

Today was an interesting day because normally I wouldn’t be able to trade.  I am scheduled to work at my real job.  As a result of a small injury from training, I took today off to recoup so I can be ready to go when I am back in next week.  This presented some opportunity for me and I didn’t want to miss out.  Having been away from it for a few days, I know my tendency is to be a bit gun shy.  That was true to and I missed some moves I was prepared for.  The one I am pissed at is QCOM.  I was so well prepared for a rise off a morning drop.  I saw the high 43.20’s holding well and I had my finger on the trigger for the rise but I just couldn’t do it.  FUCK!  Fortunately, I was able to put on my big boy pants and make a play.  Here is BAC....

Trade – February 3, 2016

Trade – February 3, 2016

Uhhhhh…So frustrated this morning.  The reason I am frustrated is that it is actually Feb 4 right now and I am writing my summary of yesterdays trade a day late.  The reason is that I was at work so it was a quick snag on morning weakness before the energy sector went on fire.  I am looking at my charts right now and I am mad for being such a pussy.  I have a serious problem of trading the day after work.  I ran calls over 24 hours and I am slow to react.  I wanted KMI at under $16.60 using the low of $15.50 as support and my risk.  This thing gift wrapped me a low to mid $15.50’s entry while I just watched it and fiddled around setting up the trade.  Then it shot over $15.60 and I finally got my order in for $15.62 when it went over $16.65 so I...

Trade – February 2, 2016

Trade – February 2, 2016

I really hate “February” when it comes to typing.  I always feel like I am spelling it wrong.  No matter how old I get I catch myself wording out “Feeh-BROOOO-Airy” in really drawn out ways.  Sorry, that is off topic.  Today was a very interesting day in trading.  I am ending early as I have things to get done around the house but I was able to walk away with some money.  Here is MRO. So, this trade is a little interesting.  It’s one of those types of trades where my entry wasn’t the greatest, but I made up for it with a recognition of the risk area.  Still, this came very close to where I would take it off.  I got short around $9.25 thinking the opening high was going to be the top.  When the trade started to work I added into...

Trade – February 1, 2016

Trade – February 1, 2016

Holy crap!  It’s February already.  Thats a little crazy.  The year barely started and it already feels like it is going by too fast.  January was a crazy month in the markets with everything feeling the drop from oil and reacting in an overall drop.  I’m hoping February does a good job of disconnecting from that nonsense and just let the stocks do their thing. I was hoping to come out with a good start but it ended up being bad that recovered into “meh”.  I’ll start with AA. Real simple attempt here.  There was a gap up after hours and a drop to red right away in the morning.  I was hoping for a bounce in that $7.20’s area but I never got it.  I had a tight stop because I didn’t want to get caught on the wrong side of a...

Trade – January 28, 2016

Trade – January 28, 2016

Man, this market is crazy right now!  Everything is oil driven.  I have been watching but staying safe pretty much since the start of the year.  I am trying to learn as much as I can while not risking too much capital.  I don’t want to blow up during a time like this.  That being said, there is still plenty of opportunity to work on my trading.  Today, I aced my entry but my management after that was way too conservative.  Guess which ticker?  My good, old buddy, SUNE! Alright, here is the play by play.  This was awesome right off the hop.  A nice gap up without too much movement in the opening minute.  No steam in it let me play off yesterdays high and get short right away at $3.45 with 500 shares. This looked solid the whole way!  I had plenty of...

Trade – January 20, 2016

Trade – January 20, 2016

This market is just straight up scary to me!  I know a lot of people can bank during times like this, but it really isn’t my style.  I need ups and downs…not fall off the map downs all the time.  In times like this, it pays to be extra cautious.  I’m new to this type of market action.  Although I haven’t been trading a whole lot, I have been watching my charts every day.  I get ideas and I write them down and see how the chart plays out by the end of the day.  I don’t want to waste this experience.  Anyways, on to today!  I finally got in a trade with MRO. This was an interesting one.  I was hoping for some bounce on this and saw that we were getting higher lows.  I got long with 500 shares at around $7.22 and then added to my...

2015 Year in Review

2015 Year in Review

I know I am late with this, but the holidays are a helluva time.  I wanted to do a quick little review based on my experiences in my first year trading stocks.  The thing is, it really has been a very short year.  I signed up to the Investors Underground at the end of January, 2015.  So the first month or so was catching up on videos and watching the chat group to see how things went. Whoa!  So much information to absorb.  It really can be a daunting experience.  My suggestion is to just keep your mouth (keyboard?) shut and pay attention.  When you are in a classroom you can’t learn anything if you are running your mouth.  The same applies here.  If I was in a room with Bill Gates or Warren Buffet I wouldn’t be talking their ear off.  I’d be...