Dec 31 2009
That 1120-1121 area is the 50% retrace from the peak to the piss bottom. That’s an extremely important level.
Watch tax related selling destroy the market next week. If I hadn’t been burned one too many times on the short side, I’d be massively short right now. But no, day trades only for me now.
Dec 30 2009
Today isn’t the last trading day of the year, but I am done for the year. This morning I went long 1 ES contract at 1118.50 at the opening bell and sold it 12 minutes later at 1120.50. And of course I did this in my sleep. My day trading is now up $126.50.
For the [...]
Dec 29 2009
I haven’t produced any substantial posts for awhile so this is intended to be a mishmash of thoughts.
Research
I haven’t been able to get my lazy butt to do much research while at home; however, I do not think it is fair to say that sitting on my lazy butt is a waste of time. While [...]
Dec 24 2009
Remember this post?
Since then I’ve made a whole $29, all in my sleep and now the profit total is $33.50. The money is awfully slow, but at least it isn’t negative. 22 round trip day trades, and that’s all I have to show for myself. (And in the process my broker made $154.)
The day trading [...]
Dec 18 2009
I woke up at 5:30 am PST and realized I had forgotten to program the day’s day trade the night before. So what did I do? I got up and programmed the day’s day trade. Even though I am on the west coast and I’ve been going to bed late around midnight (late as in [...]
Dec 17 2009
Remember this and this? Well check this out…
That feels so good.
Meanwhile, with the proceeds of the sale, my VIPSX, VUSTX, and VFITX purchases on Monday have been going the right way.
Dec 15 2009
It just occurred to me that among the grad students in my office, I will be the first to take off for break and also the last one to come back. I’m disappearing for 3 weeks and 2 days.
I’m not sure if this fact is a testament to my efficiency or my laziness. It could [...]
Dec 13 2009
This is a followup to yesterday’s post.
Today I somehow ended up in a car with three girls. Big mistake.
Girl 1: So what are you going to do this winter? Do you have any plans?
Me: I don’t know what I’ll do. I’ll probably just sit around.
Girl 1: In LA is it easy to go shopping?
Me: What [...]
Dec 12 2009
Background info: I hate taking the bus. It’s a 25 minute walk from my apartment to my office, but even if it’s 20 degrees outside I will walk rather than take the bus. For dinner, sometimes I will take a 15 minute walk to Chipotle Mexican Grill. Since it is the exact opposite direction from [...]
Dec 11 2009
My day trading has finally gone positive. After 19 round trip trades…
+2.75 net ES points = $137.50
19 round trip trades at $7 a pop = $133.00 in commissions
Net profit = $4.50
I don’t know if I should laugh or cry.