Tuesday, August 11, 2009

Lost $25 today. MR gave me a nice profit, but JOYG took it away. Pulled a winner in MA and AAPL. So I'm still holding 9 stocks. Well, you know, it is called "wanna be a day trader". Hate the restrictions of being a pattern day trader--I have to keep my size so small, otherwise I could fall under the government's watchful eye. Then the SEC in its infinite wisdom would freeze my account. It is the stupidest rule ever invented. Basically unless you have a lot of money you don't daytrade. It is for your own good the SEC will say. really? I'm paying a lot more attention to my money than all those rich people who lost millions investing with the likes of Madoff. Yet my account gets frozen and Madoff is a billionaire. I have an I.R..A. that shows a 20% profit for this year to date. But in this account with all the funds I'm really only allowed to trade with $600--because if I lose $600--my entire account will be frozen. Stop losses are so tight around here, wiggle room just doesn't exist. Any trade I do is only allowed $60 on the down side. Shoot, try trading 30 shares and while everyone is cashing in on a 20 cent move taking $200 to the bank- I've got 6 lousy dollars. I can't take on risk because of the pattern day trader rules.
Well, that's my bitch--I lost $25 today.
Robot turned in 16 winning trades and 3 losing trades. Net profit of $57, wow, you'd think it would have made more huh? It seems I'm teaching it the same rules I have to live by-$10 profit? Cash me in buddy!

OTHER STUFF: The meteor shower is tonight and if you are on the list--it's time for drive in the country to watch the fireworks (and yes I do have a convertible). And yes, get off your duff and call me--DUH
My only subscriber turned out to be my dad, and today I find out he is no longer my subscriber. I think I'm hurt.

No comments: