Still on the SideLines

Still on the SideLines

Uhhhhh.  This week did not unfold the way I had planned.  I was hoping to be at my desk ready to trade every day this week except for Friday.  Did not happen.  My social commitments kind of killed that plan.  My mornings were needed for sleep.  I did manage to get on this morning, even after  a late hockey game the previous night.  I was armed and ready.  My goal was to hit it quick out of the gate.  I tried. Here is how it went down.  I was spying $ZIOP and was pretty happy to see if drop down to the $12.40’s with support around the previous close.  I felt pretty safe getting in here on the rise into $12.47 ish.  I go to enter my long position and…wait…WTF is going on?  Insufficient funds?  Now I got scared.  I quickly checked my account...

Why I Have Been M.I.A.

Why I Have Been M.I.A.

Hello all!  It has been a loooong time between trades for me.  I can honestly say that in well over two weeks I have probably looked at the markets for one hour.  Most of this is because I was in Punta Cana, DR for a week.  The few days prior to that, I was already in vacation mode and trying to get things done around the house.  The reason for the Dominican trip was because a buddy decided to get married down there.  I was lucky enough to be a groomsman for him.  Here is a shot of my New York partners in crime on scene in the Dominican. We took full advantage of the “all-inclusive” policy and drank our faces off every day.  I’m not talking about normal, Toronto drinking.  I’m talking about 35 degrees, in the pool, shit-can-hammered by...

Trade – June 23, 2015

Well, the losing steak continued today.  Then it ended.  Thank fucking god!  The problem with today was that it SHOULD have been a win only.  I ran into an issue getting shares to short for $BBRY right off the jump today.  That shouldn’t happen.  This is a very liquid stock.  So, my initial order at $8.11 wasn’t going to get filled so I cancelled it.  Here is the chart.   So, by the time my broker was able to get me shares to short, the price was down near $9.  So, I threw in a quick short at $9.02 and of course the fucker took out my stop at $9.15.  Shitty, shitty luck.  Had I got my initial order in then this would have never happened.  I still felt good about this stock fading for the day though, so I waited to see where it would top and then...

Trade – June 22, 2015

We have officially started a losing streak!  Today is three trades in a row that have hit my initial stop loss.  Is this a chilling vision of things to come?  Or, a small blip in a normally upwards profit trend?  Only time will tell.  Today was definitely more emotion than logic again.  This is usually my undoing.  It was back when I traded FOREX as well.  Here is the first trade on $SGYP.   After missing out on two amazing days of gains on $SGYP I think I was way too hell bent on getting those opportunities back.  I was sure that, after a consolidation day on Friday, that today would see another sharp rise before it finally dropped.  I was wrong.  Very, very wrong!  This thing dropped and didn’t stop until it hit the SSR rule.  WOW!  That could have...

Trade – June 18, 2015

Trade – June 18, 2015

Let’s call today just a shit-show of stupidity.  I was hell bent on trading $HIMX again.  I knew I could nail a short.  So, as you can tell, I was biased.  Total rookie attitude.  While I was swept up in this supreme confidence, I missed HUGE opportunity on $SGYP.  This thing gave 3 different very easy entries for a long and I completely missed them all.  Uhhhhh.  Here is hoping I can wash this week off my skin and start properly next week. So, here is that $HIMX chart.   So, it flirted with the open on yesterdays close, which I was good with.  I wanted to confirm this thing was going down though.  Once it dropped to $8.48 and back up, I wanted to catch the pop.  I got in at $8.58 short and was hoping to wipe that low out.  It danced around for a...

Trade – June 15, 2015

Trade – June 15, 2015

Wow, it’s been a while!  I have been in “observation” mode lately as I haven’t been at my computer.  A lot of stuff going on in my personal life including redoing the mortgage, a sick dog and a million social events have caused me to slack.  It’s probably a good thing.  A sleepy, distracted and hung-over trader is probably likely to make mistakes as a rookie.  My rusty hands contributed to a loss of opportunity today.  I managed to squeak out a tiny gain on a stop loss on $HIMX.  Here is the chart.   I was pretty pissed about missing that upward movement right off the start.  The open that low was east to spot a rise.  I stared at the damn thing at $7.75 – $7.85 and I just couldn’t pull the trigger.  I felt it pretty...

Trade – June 3, 2015

Trade – June 3, 2015

I might just be coming around on my broker choice here.  Customer service is pretty good, although that depends on the experience level of the person you are speaking with.  That’s the case for any company though.  Executions are pretty tight when it’s a stock you can trade.  Lately I’ve been bitching about this risk review thing.  Now, my assumption based on my first online conversation with them POSTED HERE is that this was a review of risk with me shorting a stock.  I couldn’t understand why I would be more of a risk than someone else because the trade size wasn’t even using margin.  After speaking with someone else, I now know this is the company trying to find shares to borrow for me.  OHHHH!!!  Before, I would just get a...