Mar 2, 2015 – Questrade Issues

Mar 2, 2015 – Questrade Issues

Grrrrr!!!  After missing trading opportunities as a result of some travel recently, I was very excited to get some computer time in this morning.  I was prepped for two main ideas.  EYES was both a long for trapping shorts and a short just based on how it played out.  ARCP seemed like my pretty safe move up for the day.  I felt I could grab my small goal in that fairly early. Things went as I expected in the markets.  My Questrade service…not so much.  When the market opens at 9:30am there is a flurry of activity as my level 2 screens start blipping and my charts start jumping around.  Things get going very fast but settle down into some more predictable behaviour within a few minutes.  Today felt slow.  Oddly slow.  I know I am new to this but some of my...

Building My Trading Account the Old Fashioned Way

Building My Trading Account the Old Fashioned Way

I got back in from New York late last night, so I didn’t do any prep for the market open today.  I also have a million things to get done, so I just sat back and observed the market for the hour after the open.  My trip was amazing, as usual.  We ate, we drank, we drank, we drank and we ate.  Ya, the pretty much describes it!  Despite the great times, it always feels amazing to come home. Despite the fact that my life has prevented me from spending as much time watching the charts as I should, I continue to grow my account.  How is this possible?  I haven’t made significant gains yet.  Most people look at what is the minimum they can open a trading account and start making money.  It’s a dangerous attitude.  You can’t just drop 5 grand in...

New York Bound

Meh, I guess I won’t be making any trades this week.  I’m not upset about that.  Know why?  Well, if you can read titles, then you probably figured out that I am headed to New York!  I head down there a couple of times a year.  It really is one of the greatest cities to be in.  Heading there from Toronto is made very easy for me because of three reasons… Cheap flights!  Seriously, this one cost me under $200 round trip Cheap accommodations.  This is because one of my best friends lives there.  I know, that’s cheating. Roam Mobility.  Let me explain what used to be a huge problem and how Roam solved it. In Canada, we have very limited competition with our cellular service providers.  The Ass-Hats in the political arena seem to think that...

Sleepy Firefighter = Bad Day Trader

Sleepy Firefighter = Bad Day Trader

This week is probably going to involve a whole lot of nothing, at least when it comes to trading.  One of the challenges (and benefits!) I have is that I am a full time firefighter.  Being a career shift worker, I have some advantages over your classic 9-to-5 career.  I don’t sit at a desk every single trading day trying to pay attention to the markets while also, let’s face it, pretending to do your actual job.  Shift work gives me plenty of days where I can focus on the charts without pretending to do anything else.  I don’t even have to wear pants!  This, like most things, comes with a cost.  Even if my schedule shows that today is an off day, it doesn’t mean it isn’t tied to my career. I work 24 hour shifts.  I work at a very...

My Trading Desk

My Trading Desk

I promised to explain my trading setup, so here it is.  I do intend to make some changes within the next year or so, but I’ll explain the reasons for that as I go.  Currently, this is what I have.  This is, considering my geek background, a very simple setup with some relatively old hardware.  I’m sure a lot of new traders will want to plunk down some good money on state of the art hardware.  That really isn’t necessary.  Learn your craft and wait to experience the actual limits of your setup before you invest in new gear.  Put that extra money in your trading account.  With this setup, I am able to fully monitor 6 stocks including charts, level 2, time & sales as well as my order window.  At this point in my skill development, that is more...

Crush Wine Bar = My FEYE Screw Up

Crush Wine Bar = My FEYE Screw Up

Holy crap, today couldn’t have been more gift-wrapped for some easy trades yet I didn’t bite at all.  Part of the blame (this is my lame excuse) rests with the fact that I went to Crush Wine Bar last night.  I absolutely destroyed some wine and some very rich food.  I was still a bit groggy when I was staring at things this morning.  Don’t judge me too much, as of right now I am staying true to my blog motto:  Drink.  Eat.  Trade.  In that order!     Oh well, back to trading… I had a couple of ideas today, with the help of Nate, of course!  I was watching MGM and hoping for that weak open so I could grab it under $21.  I was hoping for a chance at a repeat trade from yesterday so I could make a bit more this time.  The open...

Trade Feb 12, 2015

Trade Feb 12, 2015

Jesus titty-fucking Christ!  Had I been more experienced, today could have been something else.  I was watching GENE hoping to buy a break of $5.  In the end, I just don’t have the experience to know if this one was ready to fall back to earth of keep going.  I was too scared to play.  That’s OK though, you don’t lose money by staying in cash!  In the end this did get up over $5 very early and I’ll be damned if it didn’t head up to $7.68!  That is almost $3 up off the open.  That is just INSANE considering where this thing is coming from and where it is priced.  I may get the stones to try a very small position on this tomorrow.  I’m guessing a lot of people cashed in their gains as it dropped down to $6 for the end of the day....