BE BACK SOON....

Hi....I've trading everyday and getting much more active usually taking 6-10 trades a day. I just have not been blogging.

Same old, same old....making money daytrading, but my longs are getting smashed. I feel like I'm daytrading to make money to pay for the mistakes of x-mass past!

Today I was in (V), (SOL), (CSIQ), (SOLF), and (AKS).

I'm going to try to start blogging again.

Like a DEER IN HEADLIGHTS

Man!....I sat there with an order for 1,000 shares of (ABK) at 8.40 while it trade from 8.25 to 8.40 ish right after Dillion R. mentioned that Charlie G. would be on with details on a possible (ABK) bailout. I knew the news would cause a pop but was chicken as it popped from 8.24 to 8.45 and then pulled back. I was waiting for a little more poppage and had my finger on the mouse one click away....but with the shitty day and week and it being late Friday and was not sure. I have traded (ABK) tons as of late and knew that the 10.00 to 12.00 range was very possible and today's intra-day chart was a low risk situation as it was sitting near it's lows of the day. Looking back it was perfect trading opportunity and I should have bought 5,000 shares or more. Small downside and big reward if the news was good. I'm such a chicken....I've been thinking of this missed opportunity all night....pissing me off. I just sat there for 35 minutes saying it's going higher....it going to hit 9.00 .....it's going higher it's going to hit 10.00.....it's going higher it's going to hit 11.00. Man! still irks me that I passed sat and watched.....got to take the shot if you want to score a basket.....I passed the ball to a ref and it hit him in the leg and went out of bounds. Turnover.

Hope some of you out there caught some of that move.

SAME OLD.....SAME OLD

I have been more active trading but really just keeping my feet wet. I have not really got into a nice meaty move so far this year as the market is jumpy and I am long biased. I have basically been scalping trying to make some money. The scalps are making money as the long term holds keep treading water or sinking. Frustrating. It feels like we are ready to get rolling on the posititve slope then slide back to fear.

Been playing in (MON), (MPEL), (VMW), (SPF), (HANS), (ESLR), (YGE), and (IMB) as of late with (SPF) pulling in $650 on one trade as my biggest winner, all the rest are between $70 and $200 with nothing larger. Everytime it starts to build momentum and you think that $200 winner is going to make you $500 or $1,000 is drifts back to break-even.

I'm really tired of watching this action. If this market does not pick up soon I may become a "part-time" investor again due to boredom. It's tough to wake up and watch the market do the same old nothing back and forth. That being said there have been some good moves in certain areas, but they are quick and sell off even quicker....dangerous sledding.

Hope you all are doing well.

ROLLING ALONG TRADING....

I have been trading quite a bit Monday and Tuesday.

Monday I was playing in (YGE), (FRPT), (CPSL), (AKNS), (VMW), and (SPF). All these stocks had some good momo and I played them all on the long side and all were money makers. I ended holding an extra 1,000 shares of (SPF) overnight as I expected it to run into the close but it did not.

Tuesday the market was bloody red but the interest rate sensitive stocks were rolling along with small pharma names. The poor ISM number gave hope to a large FED cut soon and the homies and the lenders were strong. I woke up to see my (SPF) reported earnings in the morning....ooopps, supposed to know that....good news is it was better than expected and I was up .65 cents and sold in the pre-market at 5.50 for a nice gain. Played (SPF) some more today along with (HOV). Once again a nice day playing the long side in a down 300 market as of 1:30 p.m.

I'm done for the week and taking a break until Monday. I hope to come back to a great market and have some of my underwater longs show me some "green" hahaha. We will see.

FRIDAY made a ton of trades....feels good.

Back in the saddle with 10 trades on Friday for good gains.... it feels good to be active on the long side again after so much watching.

Sold my (RIMM) position in the pre-market for change, but a good exit as it dropped.

Was in and out of (ABK) five time in 1,000 share trades. 5 for 5 and pulled some money, but would have made more if I just held my first position and sold the spike...shoulda woulda...was a runner today.

Was in and out of (SPF) three times in 1,000 and 2,000 share positions today as a short covering/squeeze seems to be in place. Lot's of room for this one still.

And sold my 2,500 share position in (FUQI) that I have owned and added to over the last 100 days. Made about $200 bucks on the whole ordeal. Glad to exit as I added only to lower my cost basis which was a brutal result of a bad day trading entry and a boneheaded refusal to take a stop. That being said, this stock has served it's time... has a $13 target and might be ready for a run.

Let's hope the market can find a strong footing and keep moving upwards and not cave in.

MADE A FEW TRADES....

Back in the IPO saddle again.

I made a few trades on (RMG) and (IPCM), both are IPO's that came out on Friday. (IPCM) was pretty much a dud but (RMG) is a nice one and may be one to watch. I was betting on (RMG) running into the close after I already traded out, but was not sure enough to put money on it. Sure enough she ran and closed at her hod as big chunks of stock were being swallowed up. The help banks manage risk..........................good timing on the part of the company to come public. :^). Three for three on day trades today, but small changed extracted.....try to get my mojo back, so just making some trades is a step in the right direction.

I also hit (ESLR) early for a small gain.

On Thursday a played in (ABK).....kinda silly as I missed the move from the day before, but I was determined to get a piece of it. Got $50 bucks worth of profit.

Over all for the week my longs bounced back and I traded enough to keep my platform cost free and make small change. Hey....better than watching it go down.

I'm starting to get back into things and expect my trading numbers and profits to go up in the next few weeks.

Hope you all did well this past week.....bounce city.

STILL WATCHING....

No trades and I am just watching these markets go all over the place.

I have had a few trades loaded on my order screen but never pull the trigger. I'm risk adverse because the market mood is terrible and my longs are getting an exceptional naughty back ally beat-down.

I really should be looking to play the short and ultra short ETF's until the market proves selling is the wrong move.

Also, I'm watching the home builders and Financials now as they seems to be gathering some interest.

I know some traders are killing right now and making a ton on the short side. I need to learn to feel more comfortable playing it long and short or both at the same times in different sectors.

Hope you all are holding well.

WATCHING THIS MESS UNFOLD......

I'm still sitting and watching. I made a few trades....(LLNW) a few times last Friday when it was popping and then got stuck with 1,000 shares thinking it would run more this week. I sold my shares into the pop on Friday. The pop triggered by the same old news that (MSFT) is looking to buy them, but it came over the news wires and caused a buy rush. That was the only trade in the last 7 days I made. I made some money on those (LLNW) trades but nothing compared to the beating my longs are taking.

I'm watching and waiting for a little traction to get out of some longs I am trapped in. I might have to wait some more. I think that barring any really good news on Tuesday that we will have a gap down and panic sell-off Tuesday morning with a snap-back rally that will last a bit. It's just that time for it ... it is a "feeling" but that is my bet. This self-fulfilling market has been working by the numbers and that is the next step.

I almost shorted (COIN) on Thursday and Friday but did not have the balls to go short or risk more capital in this market so I watched it drop 5 bucks like a rock without me. Typical.

I have a feeling a lot of traders are blowing up, taking huge dents to their portfolio, or are just sitting in cash and waiting. The good ones are out there shorting everything and banking coin. I'm trying to make a few quick long trades every now and then, but am really just trying to wait this leg down out without taking too much damage...hard to do when you have a large position in (MVIS) ... yikes! That was a panic sell-off if there ever was one. It happened on a day when (MVIS) reported an OEM deal to have their products produced by an un-named large electronics company. The "un-named" part is getting old to a lot of shareholders. I heard the sell-off was due to a fund that got squeezed and had to exit it's position...rumor, but makes sense. Who really knows, but having (MVIS) go from 4.65 to 2.37 on good or no news smells like panic.

SOLD (FRPT) TODAY

I sold the 1,000 shares of (FRPT) for 4.35 today into the good news FED spike. I bought 2 days ago in the after hours for 4.18 after they announced they fired the CEO. I was hoping for some pop on the news as this stock was beaten down and held the 4.00 area as of late. I ended being the high bidder in the AH and it was not looking good for the next day. It opened and spiked up to 4.25 and then sank all day into the high 3's. I felt like a dummy and thought I had another loser on my hands as it lost power all day. Today it just sat a 4.00 and that actually gave me some confidence in it and then it had a few small pops and I put a sell order in at 4.20 just to get out. It kept building and "felt" strong so I pulled my sell order and sold the next spike into the 4.40 area of resistance. The sell order at 4.35 did not fill the first touch but came back 15 minutes later and filled on a push to 4.37. Got lucky on that spot as it turned out to be the high spike of the day.

I had thought of holding it for a while and waiting for it to work it's way to the 5.00 zone, but in this shaky market and not knowing much about the company I think 2 days might have been too long as it stands. I am trying to focus on getting back to 100% cash and just day-trading the market until things are really stable and and up-trend is firmly in place.....how ever log that takes. I really do not enjoy the feeling of being trapped in longs in a bear market (although I am getting good at tolerating it....not a good thing :^)

With all this extreme volatility, the focused traders are making big money being patient and waiting for a good opportunity to arise. I still have too many longs on the table to be able to focus and feel "free and brave" to take on some trades.....soon.

Hope you all are doing well and the pops are giving you a chance to re-position yourself.

I'M STILL HERE.....

Just the market sucks write now and there really isn't too much for me to write about. I have been doing errands and playing with my kids and making a few trades here and there. One winner all the rest losers. Seems that a lot of traders are not real happy with the market right now and the best thing to do is sit and wait for great opportunities. I have been watching the markets and it is amazing how the range of emotions come and go. One day I say I am going to sell everything into the next rally....but when it comes, you get bullish (or greedy as I like to call it) and hold on for more. Then the next day everything gaps down and sells off like mad.

To me, it seems the real move is to stay in cash and wait for dramatic sell offs in the morning and jump on for a small bounce with some size and try to pull some money out of the market in 15 minutes and call it a day. Take short slices of the market until things stabilize.

That being said, I tried that and failed...but I was not patient enough and jumped in too early instead of waiting for the last zone of support.

I have made trades in (N), (ISIS), (FRPT), (TARR), (ADPI), and (FMCN) in the last week. Plus I have thought of selling some (MVIS) into the CES strength as it seems everyone else is. Yesterday it hit 4.65 and I was going to lighten up but got greedy and did not expect it to dump 12% today. I think the FLY dumped a bunch and others followed. So some sellers have exited the picture which means they will become buyers soon on good news. I still like the concept and product but not encouraged by the stock action and all the covert press releases. I really hope that Apple announces at MAC WORLD that they have a deal with (MVIS). Probably dreaming but in this market....I need to cling onto a few dreams. I'm still long (MVIS) and will be until their next earnings release and conference call. I will decide after that what direction to follow. I listened to the last conference call and the CEO was a bit cautions with his tone and word selections. Subtle but I definitely picked up a cautious...."hey, there are lots of things to take care of first before we are going to make it".... type vibe. Trust your instincts! Check out the book "Blink" by Malcolm Gladwell, it talks about these types of instincts.

Good luck out there!

SELLING DONE FOR THE YEAR......

Today was the last day I could sell stocks for tax-loss reasons and have them count against 2007 gains as it take three working days to settle the trade. I took advantage of the last day and sold;

1,000 (SIGA) for 3.12
2,000(UTSI) for 2.75
500 (GROW) for 18.88
1,000(NEON) for 3.60

(GROW) was the only one that held it's own and did not cause a loss. (UTSI) was by for the worst as I bought 2,000 of it at 4.78 near the close one day and then the company sprang a news event and I was immediately in the hole 10 minutes later. I should have sold that minute or on a bounce intra-day the following day, but I held on in hope. Hope does not cut it in Mother Market and I got punished for being an idiot.

I sold enough to put my net gain/loss for the year 2007 at -$30.00. The good news is I don't have to sell more stock to pay a tax bill. The bad news is I was up big in October and pissed away some good gains. I was stupid and took some trades I should not have. To make matters even worse I did not exit my stupid trades once I realized .... it was a stupid trade. The good news is I did not blow up and I still have some stocks that are down but are poised for up-side. Time to start re-building the ship with more discipline and thought out trades.

I'm actually glad to have last year's losers and some of this year's off the books and not in front of my face all day on my monitor any more. I wiped the slate and am ready to move on and capture some good solid gains. I trimmed my stock holdings from 23 to 10 over the last little while. Of those 10, three are speculative low investment lotto picks, 2 China plays (FUQI) & (LFT), 1 IPO gone bad but looking good as of late (VM), (MVIS) my solid growth/spec pick of the year, (DNDN) with a hearing coming up that might put this stock in the 20's again is worth a hold, (CLWR) is a mess I got caught day-trading in and have been murdered, but is a deal away from popping thru the roof, and (ARWR) is a long shot to something at CES in January....actually it was up on the chopping block but selling more losers in this calander year does not help me, so it gets a little more time to prove it's worth.

SELLING AWAY MY MISTAKES....

The last week or so I have been selling away last year's mistakes and most of this year's as well while trying a few random day trades. I have a couple more stocks to sell to got to bring my total gains this year to ZERO. Yes, painful lesson but a needed one I think. Like I stated earlier I had 9 stocks that kicked my ass because I let them "get away" away from me. I need to be more disciplined and focused on fewer stocks.

Last week I sold 1,000 (CTEL) at 5.845. I also sold 1,500 (VVUS) at 5.43.

Even though I got dinged selling off my losers it finally feels like I'm doing the right thing and getting ready for success. Holding onto your losers can only have a negative affect on your trading...and your account balance. If you are holding a weak stock you are relying on hope and a prayer for these to bounce back strong....exit before they become more of a problem.

My only sell that is performing is (ADM) which closed at 45.07 today. I sold at 38.79 after it kept banging on 39 but could not break it. This a game of percentages....this one went the other way. C'est la vie.

HAVE A GREAT HOLIDAY.....SEE YOU AFTER X-MASS!

THE LETTER (N) !!!!

Wow, what a day for (N)....it IPO'd today and was flat lining most of the day after the usual start. I almost bought it a few times but was not convinced. I had my daughter's x-mass concert to go to and when I got back the letter (N) went bonkers! I thought I missed the ride and then just sat and watched it go from 32 to 36 in quick time. C'est la vie.

I popped one day-trade today buying 500 shares of (RIGL) at 24.92 and stopped out shortly after at 24.70 for a $132.18 loss after commish and fees. It came back right after my stop was hit.....don't they always.....and popped up to 25.60 or so before rolling over much lower. So again I lose money BUT exercise discipline and take a small loss. The last 2 trades I took lost but cost only $200 or so. I will have a winner much larger than that very soon and the MATH rule of averages and small losses/big wins will prevail.

Hope you caught some (N)!! If I had not been skewered by my last 3 IPO"s buys I would have bought 1,000 around the 26.00 range...how long I would have held it before selling is another issue :^)

MORE SELLING.....(OPWV) & (MSPD)

I dumped my (OPWV) and (MSPD) positions today for tax purposes. I bought these two stocks in my first month of trading after watching a Mad Money show in early 2006. Not blaming Cramer, it was my call.....but when I look back and think about why I bought them and why I did not sell much earlier I feel embarrassed. But this is all part of the learning curve. I can promise that I will not buy a stock and sell it for a 90% loss (OPWV) again. I have felt the pain of a stock that will not come back no matter how much you hope it will. There are rumors of it being bought by Google but the tax-man waits for no one, plus it could go to zero. Ever since a hedge fund bought a big stake in this company it has been down, down, down. They paid a one time dividend and then down it went....seems fishy. That being said keep an eye on it for a possible rebound run, might make someone some money.

(MSPD)....what can I say....it was around 2.50 early this year but just fell off a few cliffs lately. It's gone now ....another tax-man sacrificial lamb.

I'm not done selling....still have 16 longs. Some a pretty small lotto tickets, a few larger positions that I will carry into the new year, some others I am looking to trade out of when the opportunity (news rush) presents itself. By the time the year has ended I will have sold a few more stocks and wiped out all of my gains for this year. A large chunk of the damage was done in October when I bought freely and booked record gains and gave stocks too much rope. The freedom helped out in some situations but is coming back to haunt me in others. That rope is now pretty tight around my neck, but I still have hand in-between it and my skin.

BUY 3,000 of (INSM)......

I'm back in (INSM) today....got a pop in the pre-market on news from the FDA so I bought some at .96 a share.....3,000 shares. I'll let this lotto ticket ride a bit.

I planned to sell some losers today but am holding off a bit. Got the list made up and just waiting to click some buttons.

My sell of (ADM) last week was a bit pre-mature as it hit new 52 week hi's the last 3 days and is almost at my initial cost basis. Oh well, tough to pick the tops and I thought 39 might reject the stock. Good news is it was only 200 shares.

(MRVL) up form my sell as well. (JDSU) down.

I was watching (DRYS) today and almost jumped in at 74.00, but no mojo and watched it run. I'm in "sell for taxes mode" and not really feeling it on the trading side. This market is not fun either....needs it's mojo back as well!

STP.....and MRVL

I sold my (MRVL) position today...500 shares at 14.43. I have owned this for over a year and need it for some tax-loss selling. It is at it's lows but the timing is now. I had chances to sell at 19 earlier but held out hoping for a turnaround, but it never came.

I bought 200 shares of (STP) at 78.55 as it was basing after a morning sell-off. I bought close to the base of 78.50 and had a stop close by at 77.98 but upped it as the market was starting to sell and the price action in (STP) was not encouraging. Sold 200 at 78.18 for a total loss of $90.96 including commish and fees.

I was happy about my (STP) trade even though it did not make money. I followed my rules and was disciplined and took my stop and it worked out as (STP) traded down to 77.35 shortly after. If I follow the rules and let the math work it's way, I will be profitable in the end. Cut the losers quickly and let the winners run and maybe even add to them.

I WAS AWAY ON THURSDAY AND FRIDAY...

Back now after a short vacation. I actually missed a couple of good days as far as daytrade-runners go. Not a big deal as the next day always brings another opportunity.

See you Monday.

DUMPED (JDSU).....

I just sold my (JDSU) position I have owned since Aug. 1, 2006. I took a loss of about $5,400 USD. Let this be a lesson to any new traders. I bought (JDSU) for a day-trade....I think it was one of my first day-trades. I wanted to take like $100 bucks out of it. It went against me and I would not take a $40.00 loss that day so I held it over-night. It gaped down and the rest is history....because if I could not take a $40 loss I sure as hell was not going to take a $200 loss. Well now I'm taking a much larger loss. Have an entry and exit plan BEFORE you enter a trade and follow it. It really is that simple. If you can do that you will be alright. Even if you lose 75% of the time and the losses are small, your 25% winners will make you net positive.

The only good news from this trade is a painful lesson and tax loss selling. The money I would have had to take out to pay tax will be reduced and I put $6,000 back into my active trading account.

Also, it really does feel good to get rid of these skeletons in my trading closet. I feel free now. The bottom line is I had a stock that was worth $6,000 to my account and $5,400 against my realized gains tied up in "HOPE" that also carried the price tag of feeling like a dumb-ass every time I look at my screen a see a mistake I made 18 months ago getting worse with every passing day. Time to put that baby to rest and move on with what I got. With a clean slate and fresh mind I could make up that $5,400 in a week or even a day, and have done before.

I have more stocks to sell as I realized a good amount of gains this year while holding on to my losers in HOPE they would improve. Well .... HOPE's time is up and more "mistakes of trader's past" are about to fall under the axe.

I would hope that new traders would be able to learn from my mistakes, but I fear these lessons are ones you will have to go through and "feel" the pain of that reality before you become disciplined enough to follow the simple trading rules we all read about and agree on but do not execute at a high level of excellence. I really hope I am wrong about that and I'm just a slow learner.

Good luck to you.

MADE SOME TRADES!!

I bought 500 shares more of FUQI today at 8.93 and will buy some more if it goes down in the next few days. The story is good, E/R was good, target rating by firm was $13, Chinese Blue Nile as they say...we will see. It pulled back to it's 200 DMA on FED action and I bought more. I'm looking for the resumption of the up-trend in a few days if not tomorrow. Time will tell.

I also bought 400 shares of (GROW) after mid-day news that 30% of it's company was bought in the open market by two value funds. I owned 100 shares from a partial fill a while back and took the opportunity to add. Got 200 at 17.60 and 200 more at 17.47. I had the chase it from 17.22 up to 17.47....could not get a fill....bullish sign. It closed today strong and above it's 50 DMA in a panic sell-off after the FED call. Also the stock was down and out and this pop should squeeze some shorts as there are no shares available to short as of today. The 200 DMA is 22.31 and that is my short term target.....we will see how it moves over the next week.

Hope you all did well.

SOLD (ADM)......PLANNING FOR THE FUTURE

I sold my 200 shares of (ADM) today at 38.79 good for a loss of $494 U.S. dollars and much more in Canadian as I bought this in 2006. I still have to do the calculations on the actual loss in Canadian $. I sold because it has been going no where since I bought (except down) and I need to do some tax-loss selling. (ADM) has actually been moving up well as of late but when it failed at 39.00 again today I bailed.

I spent the whole day fixing up my logs to reflect the gains and losses in Canadian dollars. I need a few more hours and I will be up to date. One thing I have noticed is that of all my trades there were only a small few that did some damage. I made almost 700 trades this year and have about 7 that are doing all the damage and 4 of those were bought during my power drunk stupor in October. I had too many open positions and started to not give them the attention they deserve. You get in deeper and deeper, then you just stop watching them until they have a big day. I really feel that after 2 years of playing with the stocks if I can wipe the slate clean and apply what I have learned so far I will be doing great. The negative over-hang of owning losers is really a problem. I will sell what I need to this year and if there is any left over that is not making strong progress I will dump for 2008 tax relief. Then I will start clean and slimmed down taking on no more than 4 stocks at a time with those stocks on one of my 5 chart displays at all times. Exit plans will be written out and followed. Trailing stops and profit taking will be in effect. Size will larger than I have been playing with, going for nice gains per trade. While the number of trades will be less and the trades I take more thought out and clearly stalked.

I am also going to clear out my winnings every month. Put half into my checking account and half into a separate savings vehicle for safe growth and to be saved for taxes. No more blending wins and losses, cash in and out. Start with a clean number and every month reset to that clean number. Play time is over and it is time to execute a real plan to extracting money out of the market to live on.

The one major lesson that I can take from reviewing all my trades this last year is to really cut your losers quick and let your winners run with a trailing stop (hard or mental). It is written in every book I have read, but until it really sinks in you do not really buy into the fact that you will lose more money than you make over time if this rule is not followed. Conversely, if you do follow this rule, you will make money over time. Stalk a good trade with good reasoning. Have an entry and exit plan. Manage your risk by sticking to your entry plan and exit plan. It really is that easy......to write.....but if you can follow those rules you can make money....big money.

TAXES.....PAIN IN THE BUTT

No trades today.

I was watching some great action in the China plays again along with (GME) solid run after being added to the S&P. I was in watch mode as I have to sell some stock for tax reasons and need to figure which ones to sell.....I have alot of losers on my plate right now.

Also visited an accountant today to figure out how to handle my trading with taxes. What a pain in the butt. I have to go make new spread sheets and convert all my transactions (buy and sell dates) to the Canadian dollar value of that day's transaction to get a true gain or loss value.

The other day I sold (CSUN) for what I believed was a $10 loss. In U.S. currency it was, but the buy date was Nov. 6 and I bought 1,000 shares for 10.02. $10,020.00 USD was worth $9263.49 in Canadian dollars on Nov. 6. I sold on Dec. 4 for 10.01. This was $10,010 USD and worth $10114.10 on that date. So instead of a loss of $10 for the trade I realized a gain of $850.61 minus the commissions.

This seems great, but it works the other way as well....I bought some U.S. stocks when the U.S. dollar was much stronger and then sold after it weakened. I lose the currency valuation on the trade. Actually, now that I think about it....I paid to much tax on some stocks I sold 2 years ago that I had held for many years. I just don't know if it is worth the effort and cost to re-file for those...have to look into that.

The bottom line is I'm going to have to go through all my records and re-do all my trading logs in a new spreadsheet that takes the currency exchange into account. GRRRRRRRRRRRRRRRRRRRRRRRRRRRR!

HOKUUUUUUUUUUUUUUUUUUUUUUUUU

Even when I think I win......I lose against HOKU. This stock has kicked my ass 2 times this year. I owned 2,000 shares at 5.00 or so and sold at $6.00 ish and then it ran to 14.00. Now today I was patting myself on the back for not being too greedy and selling my 2,000 shares early and near the high for a small profit before it dumped and closed at 8.87. Then I get home and start to watch my taped Fast Money show and see HOKU streaming across the bottom of the T.V. screen up at 10.80 ish....so I check my platform and it closed the AH at 12.00!!

TKO.....HOKU wins again.

In the words of the "FLY"...... "odd, no?"

SOLD (HOKU) .......

Total profit today was $161.60 minus the $28 commish (2 separate 1,000 share buys and sells)

I sold 1,000 (HOKU) at 10.25 in the pre-market and then let the other 1,000 go at 10.20 later on in the pre-martket. The trades were good for the $161.60 profit.

I'm glad to lighten up on this volatile stock as well. I told my self to sell at 10.15 which was my cost basis, but after the day solars had yesterday and the pre-market action on most solars I got a tad greedy and waited.....but not long. There is big resistance at 10.17 to 10.30 and it is going to take a good news event from (HOKU) to push it past that area. The stock ran a bit at the open to a hi of 10.48 but sold off right after and now is trading at 9.38 at 2:00 pm at I type.
I'm glad I was not too greedy and sold.

SOLD (CSUN)......

I sold my 1,000 shares of (CSUN) at 10.01 good for a loss of $10 tack on the commish of $14.

I want to exit my positions and get a clean slate for 2008, when (CSUN) hit 10.00 I was ready to sell and sold as it ran through 10.00. The stock consolidated for a little bit and then took off to a high of 10.95 and is currently trading at 10.25. (CSUN) may run some more, but given it's volatile nature and my desire to sell positions the decision was made quickly.

CSUN.....

(CSUN) had a huge move today up 22%. If they sign a supply deal with someone like (HOKU) it would be huge for the stock as this is a reason the stock is not off to the races.....limited supply of polysilicon. I don't know why the big pop today....could not find any other news on it. Keep an eye on this one.

(NFI), (LUM), and (SOLF) were on the radar but I made no trades today as I just monitored the market action.

SOLD (DRYS)

I sold my 200 shares of (DRYS) right before the open at 97.15 that was good for a profit of $24 minus the commish of $21.

I first set a sell order at 98.85 in the pre-market hoping that it might get there before the open as I thought it would sell off after the gap up plus it being Friday and having a nice 4 day bounce and a 50% re-tracement upwards. Basically I wanted out and did not want to risk more time in this trade. Later on in the morning the stock hit 99.01 after the CEO of (DRYS) was on CNBC and said all the right things.

This stock might still rip higher as all the information I have found on it is positive. I believe that most of the sell-off down to 69.00/share for 131.00 was due to profit taking panic as the stock is up 400% this year. I'm in capital recoup mode right now and trying to be disciplined and just be a seller unless a GREAT situation comes along. By the way, I am a seller because I got into some crappy trades not because I think the market goes lower. If I was smarter and took my stops I would be much more aggressive over the last week.

CHECKING OUT MY OPTIONS.....

I was just watching the markets again even though there were some good moves going on. I'm on lock down until I sell some of my other positions. Another good day or so in the markets and I should be able to lighten up quite a bit.

I was checking out TD Waterhouse about the possibility of using their trading platform in the future. I'm with ETRADE now but am interested in checking out some other platforms and maybe opening up a second account. I'm going to demo their product soon and see how it compares. Plus I need to have an exit plan in case ETRADE blows up.

Hope you all made some money today.

MISS BLOGGING......BACK SOON

I've actually missed typing my thoughts and sharing in in the anonymous world of blogs. I keep reading the other blogs I like and miss being a part of that. Blogging also give me a chance to summarize my thoughts on the day or of the moment. I go back and read my entries to gives me some perspective on what I was looking to do and it helps.

I also wanted to blog in a semi-public way to hold my self accountable and not be a closet trader who hides when things go bad....which is basically what I was doing the last few weeks. Things were rolling in October and I got brave jumping into trades left and right without a good exit plan. A bunch of those are biting me in the ass right now and hopefully will teach me a lasting lesson.

I have not made a trade since November 16. I have been thinking of a plan to exit all of my positions and start the new year clean, fresh, and more calculated. I have held some losing stocks for almost 2 years now and will sell those to reduce the taxes on my gains this year. Some of my longer holding from before this blog are (ADM), (JDSU), and (MRVL). I have been waiting on these to come around but am getting tired of them. I bought them as I was in the early stages of my investing/trading learning curve and Cramer was a source of my picks. I was influenced too much by the media and bought in too late and did not know when to get out and turned into a bag holder.

I really feel like selling everything....that would feel great but would not be smart. Some of my losing positions actually have a chance to do something and a couple are just lotto tickets that are small positions that could have a huge up-side like (DNDN), (VVUS), (NFLD), (MCEL), and (ARWR). Don't get me wrong....these stocks are hurting me and If they came to break-even I would most likely sell, but they do have a chance to move.

The bottom line is I am just watching and waiting for a great opportunity to trade, other wise I will wait and see how this market plays out as we head into the end of the year and then I will make my sell or hold decisions.

Hope you all were in cash and were free to catch some of these crazy over-reactions on some well placed quick trades......long or short. Trade well.

BLOGGING DAYS ARE OVER.....

For a while at least.

I started this blog because I wanted to know how to set one up and see what it is like. I also wanted to keep track of my trades and join the blogging community.

Well, I have achieved those goals and right now it really just takes some extra time out of my day. I keep my trades on 2 separate logs for records and my daily hand-written sheet and this makes the fourth place I write down my trades.

Maybe the crappy tape has me not too enthusiastic about trading right now or my longs that are sitting on my chest squeezing the air out of my lungs, but I just don't feel like maintaining this blog right now. Maybe things will change after the holidays and I take a break.

I am still trading and will keep trading, just not going to spend the time typing about it everyday unless I miss it and want to start up again.

MORE NOTHING.....

No trades today.

I almost took a couple of shorts later on in the day but it felt weird, not like the other days when the panic selling came in. Also, I used a contrary indicator....me. I'm not good at shorting and when I think it is time to short.....it's probably time to go long.

Boring week, as I took a little profit out of the market but my longs took some hits this week and are worth less than they were last Friday.

Let's see what Monday brings.