Trade – March 29, 2015

Trade – March 29, 2015

Man, I am still working on trying to get back into a groove.  The problem is that I have become pretty gun-shy.  It’s frustrating watching entries you want to take work out perfectly.  Then, when you finally go into something, it hammers your ass.  I have been looking back and seeing that I stop out on a lot of trades that I am right about the overall direction.  I think I need to adjust my risk to accommodate for this.  I need to maybe average into a position when there is still room for it to work into my overall read of the chart.  The problem is, when to average in and when to cut bait and run?  This is something I will have to work on.  OK, on to TERP. I got into this one pretty early.  I actually tried to get short at $8.10 a couple of times and...

Just a Bad Week

Hey Kids!  Sorry I didn’t post anything much this week.  I didn’t bother trading any day, although I did watch a lot.  I was trying to do a bit of a reset where I see whats going on and look at entries to see how they would pan out.  I am thinking that I need to refine my risk area.  I tend to get in early, then have the move go against me but I can see it on the chart.  I really should be able to accept this and add in at a better price – OR – kill it right away.  See the movement through and then jump in at the better price.  Too many times on my losses I am right about the overall trend, but wrong on timing.  I get sucked into dips or pops that take me out and then fire right back down to where I wanted the chart to go.  It’s...

Trade – March 18, 2016

Trade – March 18, 2016

I know, this is a long time to take to finally post a trade recap.  Friday was a hectic day and I figured I had all weekend to get around to doing this post.  Then the weekend hit and I pretty much spent the whole thing drunk with some buddies.  I even got slammed on Sunday (fun day) for some afternoon beers.  So much poison in my body that I decided to spend today in bed.  I don’t want you to think I wasn’t productive though.  I watched the entire 2nd season of DareDevil this weekend.  So ya!  Anyways, here is PBR from last friday. I was very shy trading this.  I am still dealing with a lack of confidence stemming from my losing streak.  I find it hard to put that completely behind me.  On this day, I had my finger on the trigger of FCX and WLL and I...

St.Paddy’s Week 2016

St.Paddy’s Week 2016

Oh man!  Obviously, I haven’t been terribly motivated to trade lately.  I have been dealing with the after affects of that losing streak hangover.  I was sure that a little break was in order.  I just need to get my head back in line.  So, I have reset my thinking a little.  I am going back to what worked before.  Focus on a smaller mover and work that.  I did trade today but I will summarize that this weekend.  I want to let you know what the hell I’ve been up to! In Toronto we have a brewery down by the SkyDome (If you want to call it the Rogers Centre then go fuck yourself!!!) and they make only one type of beer.  Fortunately, it’s a beer that I like.  They also throw amazing St.Paddy’s day and Oktoberfest parties.  You get to drink out...

Trade – March 11, 2016

Trade – March 11, 2016

What a wild March it has been.  I am reflecting more and more on what happened that caused me to go on a shitty losing streak.  The biggest thing is losing focus.  I got so caught up on all the opportunities from February that I missed by under trading, that I came into March and over traded like a maniac on crack!  I went for the biggies, the ones with big moves.  That really isn’t my style.  I prefer calmer waters.  Smaller plays.  Safer zones of support and resistance.  I definitely think I should be willing to get into a couple of trades a day, but that doesn’t mean changing what works for me.  I am too new to be dabbling all over the place.  Find my niche and work it.  Once I feel I have mastered that, maybe then I can start to expand my...

Trade – March 10, 2016

Trade – March 10, 2016

After wiping out a lot of my gains in the first few days of this month, I decided to step back a little bit.  I was so focussed on making sure I wasn’t missing out on anything that I wasn’t really focussed on anything.  I decided today I would stop looking for that juicy win and grab that smaller mover that I prefer.  Not the crazy movement of the oil stocks.  Find another fucking sector to trade!  Wait till things cool out before trying to get back into those oil stocks.  Today was a little better.  I end the day green.  Not much, but I will take it.  Here is JCP. I made two trades on this, both with the same idea.  The problem is the first time I was a little early.  I got short at $11.64 and it went almost 10 cents in my favour, but then came...

Trade – March 4, 2016

Trade – March 4, 2016

So my epic levels of bed-shitting continue in March.  I continue to piss away all my gains as my losing streak continues.  Fuck, I could have just thrown darts at a board and still done better than I am doing right now.  I knew that the market was pushing hard.  I even recognized it in my last post.  Still, I fought it and tried to find the tops.  I was hoping for a Friday sell off of profit taking to drop things instead of actually reacting to what I was seeing.  I shorted like a maniac and paid the price for it.  Where to begin.  Let’s go with the biggest loser, CHK. Unfortunately, no chart for this one as I forgot to snag it in all my bed shitting.  I started to get some fail as it looked like this was a little disconnected from its peers.  I was...