Wednesday, October 7, 2009

I'm Green

I ah was down 450$ today, man o man was I depressed.  Before the close I put on one ym contract.  Came back to check my stocks, run the gorilla, change stops, listen to day trading radio.  AND, AND, AND, AND--MY YM IS UP 102 POINTS--AT 5 DOLLARS A POINT--I'M GREEN--I'M GREEN.
I watched it for about 5 minutes and then sold the thing.  The whole day I kept saying why can't I get this thing to go my way big.  I made about 14 round trips in ym to lose that 400 dollars.  It was the same old story sell low buy high.  My first three trades were winners-after that things fell apart.
My greeness is only about 70$, but getting out of that 450$ loss and being green gave me back a little smile!

Robot:  18 winners, 3 losers, plus 175.54
I changed him over to a profit taking at 5 points and a stop at 40 points.  His stop use to be 20 points, but the three losers, so I upped it to 40 points.  It would be a huge loss if it went wrong, but 40 points is a lot to go wrong, and with just 5 points to get out.
Lets just say that after this change every trade was a win.  I noticed that he can also put on three or 4 trades an hour, and at 20$ for a win, it would be 60 or 80 dollars an hour.  On paper it all looks great-real money is always different.  But I had talked about how my trades with the Robots exits made money while I was losing money, the reason for this was Robot was grabbing 20 dollar bills and I was saying go higher and kept watching my profits slip away.

Other stuff:  Tonight's workout was not that hard, guess I was just dogging it.  Wrote a lot, huh?  Still have that dug my self out of a hole smile on.  Quite a big hole too, yep it was a nice one, sure hope I stop digging holes soon.  With my deflated accounts--alright I'm just whining.  And I'm a green so I'm happy..... anyways.....

Fantasy calls:  huh?

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