Subscribe Feed (RSS)Nasty Wednesday trades
October 17th, 2007 by eyal | Filed under Day Trading. |
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For the last few days the market has been quite challenging, since that intraday reversal on Thursday last week I believe. Today I also traded quite poorly going into stocks I don’t normally. I traded YHOO, INTC and RIMM. As the marker started sliding all positions were stopped out at various places. the final P&L is the not-so-nice -2.4R. I’m not entirely sure if I’m just doing something different these days or if it’s really entirely the market conditions. Whenever there’s a drawdown, even if just for a week, it does bring a nagging feeling that something is wrong with your trading. That’s not always the case though and it takes a bit of time to find out this sort of things. Especially since it’s been quite a while since I had a -3R day. It happened in the past so I don’t doubt it will happen again.
On top of that, I’m quite ill. Mostly temperature and overall weakness. I even missed my swimming session today and put a pair of socks on :-) Hopefully will be better tomorrow. Both me and the market ;-)
Amazing day today! Went up 10% thanks to a couple rides on PTR & GOOG. I’m going all in on GOOG tomorrow!
Yeah, after a good period one may become oversensitive to drawdowns, that have to occur in some point or another.
John - being in the right stocks makes all the difference isn’t it :-)
Carlton - yeah you’re right, it’s part of how this business works.
eyal… save for yesterday, I’ve experienced some pretty choppy days this week. I have also been utilizing a new system which makes things a bit more difficult. The great thing about trading is that it only takes one trade to make things right again.
oonr7 - yep, that’s true. One good week and all this is completely forgotten, until the next time ;-)
eyal, not really :(
Seems my order yesterday didn’t go through. PTR took a MASSIVE drop this morning! I wasn’t happy but made it up a bit by buying GOOG.
Selling GOOG tomorrow, buying some smaller stocks which I am hoping to do well.
Good luck with those trades John. Hope they worked out well.