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Trading Diary

This section documents trade diary for each trading day. Alexander Elder suggests recording where trading ideas come from with each trade. I am going to record profit from Tim Alerts trades separate from my OTA trades. Probably I should also tease out my "experimental" trades and record them separate from my by the rules OTA trading. For now, I'll record the difference in comments.

  • Trading Diary 2009
  • Trading Diary - Garnet - 2010-01 -
    Trade_Diary Page Trades Net_Gain Tim_Trades Tim_Gain Stocks_traded Notes
    Trading Diary - Garnet - 2010-01-01 0   0    
    Trading Diary - Garnet - 2010-01-02 - 03          
    Trading Diary - Garnet - 2010-01-05          
    • Tim went short AENY (OTCBB). Profit 0.35 on 4000, and 0.50 on 4000.
    • Tim went short 3000 yesterday on IDN. Profit 3000@0.22
    • Setup etrade for OTCBB trades ($12.99 each this quarter)
      • Moved money into etrade
      • Sold 56 RSU shares of ADBE in etrade to generate trading capital.
    • reading Elder's Book Notes - Trading For A Living
    Trading Diary - Garnet - 2010-01-06 1 entry (overnight) $0 1 -$96 Tim:AHD:-$96
    IDN:(overnight)     		Trading
    • 11:19PST Tim traded 5000 long AHD at 7.15 - Potential breakout target of $8, mental stop loss if the breakout fails in next 1-2 days.
    • An hour later I bought 100@market(7.23) and 200@7.21 My stop at 7.01(200) & 7.03(100) (Maximum loss $66). Target $7.81 - $7.83 (+$174)
      • Dropped to near $7.05 - put in order for 500@7.05 stop@7.02 ($25 max loss)
      • Stopped out @7.05 & 7.01 - $96 loss
      • Tim alert: Sold out 4000 AHD because of breakout failure - expects morning panic. Lost ~$400
    • Still have open trade of RPRX(F) 100@0.70 - Stop of 0.61, profit target $1.20. Current open profit: $5.
    • Shorted 200 shares of IDN which is back up near resistance at 3.83. Stop $4.03 (Maximum loss $44). Profit target $3.22 (+$117) - "IDN up big on military contact news, from $1.50 a week ago" - hit high of $4.50, then dropped a lot to $3.20, trying to spike back up.
      • Moved stop to $4.13 to allow for holding overnight and possible morning spike. ($65 maximum loss)
      • Briefly saw ask of 76000, then 62000 at $4.
      • Shorted the market 500@3.97 stop $4.04 ($45 max loss)
      • 3:50 dropped to 3.92 (0.01 profit on average entry of $3.93)
    • Total possible stop loss at this point $176
    • Market close
      • 700 short of IDN (Open P/L $15) ($89 stop loss)
      • 100 long RPRX (Open P/L +$3)
    • Things to do:
    Trading Diary - Garnet - 2010-01-07 4 -$105 0 -$0 Tim::0
    IDN:-105
    • Trading
    • IDN
        • Trade 1 - exit from yesterday entry
          • 500 shares of ADN stopped out at $4.04 on morning spike to $4.13, -$60.71 loss
        • Trade 2 - entry / exit
          • Shorted 200 at $4.15 with few cent stop loss, but stock traded through the stops. $66 loss.
        • Trade 3 -
          • Buying volume continues daily, price rising each day. Trying to go long on a pullback at 10:35, what appears to be current trough bottoming out at 4.14. buy limit 200@$4.14 (5 cent spread) stop at $3.94. Executed @4.14 at 10:38. Currently long 200@4.14, stop loss at $3.94
        • Moved stop up to $4.50 to lock in $72 profit - stop hit. $70 profit - Net -$57 on IDN - Price dipped back to $4.45
        • Long 200@4.35 - Hit stop at $4.25 - Loss -$24
      • CDII - Tim Trade
        • Trade 4
          • Short 400@2.08 - stop loss 2.28
          • Shorted 2000@2.03 stop market on 2400@$2.11 ($172 loss)
          • Shorted 2000@2.15 - Average price now 4400@$2.09
          • Total position: short 4500@$2.09
          • 7:39pm aftermarket trades at $2.15 (loss 266), and bid at $2.12 ($131) - Lionmaster pumping this to work against Tim. Tim is still short, says fundamentals and everything else is on his side, but Lionmaster is squeezing him.
    • Tim trades:
      • "Shorted bunch of JYHW @ $1.40, target $1." - OTCBB, couldn't trade it, already dropped to $1.25 by the time I could get the stock chart up.
      • 10:12am - short 18000 CDII@2.14 - goal to cover in 1.80s. Mental stop loss if it doesn't finish negative today.
    • Other work:
    Trading Diary - Garnet - 2010-01-08 4 -$144 0 -$0 Tim::0
    CYCC:-144
    Trading Diary - Garnet - 2010-01-13 ? ? ? ? Tim:
    Trading Diary - Garnet - 2010-01-15 2 ? ? ? Tim:
    • Trading
      **
    • Tradestation screws up daytime buying power (DT BP) calculation
    Trading Diary - Garnet - 2010-01-21
    Trading Diary - Garnet - 2010-01-25
    Trading Diary - Garnet - 2010-01-26
    Trading Diary - Garnet - 2010-01-27
    Trading Diary - Garnet - 2010-01-28
    Trading Diary - Garnet - 2010-01-29          
    • Wild equity swings as far as $300 negative. Missed some profit on the maximum range of some downward spikes.
    • Large short trade in SNDK on gradual decay throughout the day saved the day.
    • Just -$41 down for the day
    • about $700+ ahead for the week, $500 ahead for the month
    Trading Diary - Garnet - 2010-01-31] Sunday          
    2010-01-31: The last book I read was Book Notes - Trading For A Living by Alexander Elder. I have been reading through his descriptions of various indicators, and am now on the chapter where he describes his own, but my eyes are kind of glazing over. So many traders say they trade without indicators, and others say that a lot of indicators are not as useful and responsive as they used to be, for many reasons such as program trading. I have also been having a lot more success with Timothy Sykes short selling techniques, I am now up for three weeks in a row, and up for the entire month of January even. I think I found the earlier chapters of Elder's book more helpful when he talked more about psychology of trading.

    I didn't realize I had bought a copy of Brett's book, so now I am going to work on reading his book. I have read part of the way through it before.
  • Trading Diary - Garnet - 2010-02 -
    Trade_Diary Page Trades Net_Gain Tim_Trades Tim_Gain Stocks_traded Notes
    Trading Diary - Garnet - 2010-02-01 0 ~$500 0    
    Trading Diary - Garnet - 2010-02-02   $173.80 (down from ~$626)      
    Trading Diary - Garnet - 2010-02-03   -$1600      
    • Got carried away
    • Open positions in AEZ, IDN, NLST, TO
    Trading Diary - Garnet - 2010-02-04   $350
    Trading Diary - Garnet - 2010-02-05   -$312 (High $1035)      
    • $666 on ARG after it gapped from $43 to $62 on hostile takeover bid for $60/share. I got 1K short at $61.60 to 60.89. Got out after stock spent 30 minutes consolidating just below $61 after dip to $60.50.
    • Tried to make some money in etrade, but $12.99 commissions are murderous. Got short 100 shares ARG ~61.27, and then decided to use margin to go short 100 more at $60.75, average $61.01. Unfortunately exit was about $60.91, not enough to cover the 3 commissions.
    • Made $40 on AENY long overnight in etrade account.
    • Overtraded $1035 down to $312 loss
    Weekly wrap up           Big challenge.... Gave back $124 of the $907 trying to get a little more out of ARG... Still have +$778.... Now gotta deal with the psychology issues, and stay out of the market... On Monday got $725 ahead by 10:46, then gave back $540 trying to force trades.... Yesterday got $960 ahead by 3:41, then gave back $620... Wednesday was $1600 loss fooling with shorting SNDK, BRCM, etc when patterns were not ideal..... Really have to learn only to trade really good patterns, I am having best luck with Tim trades in the morning.... If I stop now, I will be $188 ahead, with another +$213 in open positions....
    • Total for the year -$414, -$923 for the week

    Things to finish:

    Things to look into:

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