Satuki @ Home
It has been a while since I updated my blog and my portfolio last time. Some people asked If I stopped trading. The answer is “No”. For a housewife like me, I do not see anything else except day trading as a viable livelihood. If you ask around, most people will perhaps tell you that they hate their day jobs, ,hate their co-workers ,hate their bosses, or the morning rush hour traffic. I agree with them.
I was semi active in July. As you can see from the performance report generated by TradeStation below, I took a total of 19 trades and lost a bit over 300 dollars, which includes the commissions. So I did not lose much per say. A losing month is normal. Therefore, I will not analyze this and that. Click the image below and a lot of the fields are self explanatory.
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I do not post in my portfolio as much as I used to because I found it distracting. But I will try my best to do it when possible. However, I do post my sentiment(market directions and watch list)in the forum almost every day.
Alright everyone, good luck and have a better August!
It has been a while since I updated my blog and my portfolio last time. Some people asked If I stopped trading. The answer is “No”. For a housewife like me, I do not see anything else except day trading as a viable livelihood. If you ask around, most people will perhaps tell you that [...]
I think a lot of traders are. Look at the chart below. If you were long before point C and you are disciplined, then you would have been stopped out of most of your positions. 70-80% of your portfolio follows the general market. That is why some people prefer trading E-Mini.
If you were ambitious, you perhaps [...]
Here are a few stocks that have been performing much stronger than the general market.
Click on the image to have a better view
Netflix, Inc. (Public, NASDAQ:NFLX)
I have Netflix’s 2 DVD package. Service has been great and their competitors are weak.
Valeant Pharmaceuticals International (Public, NYSE:VRX)
This stock just made an all time high a few days ago. [...]
The general market has been stuck in a range for a while. A short term trend following system will fail miserably in a situation like this. Oscillators, pivots , support and resistance work better here.
The overall market sentiment is perhaps still slightly bearish mainly due to the problems in Europe. So we can pay attention [...]
I took a small long position in EURUSD @ 1.1963 on 6/7/10. It is only 1 lot (worth 100k), which is considered a small position in Forex.
Now I have over 400+ pips in profits on paper now. I was aiming for a 500 pip move here. And the initial stop loss was set @ 1.1877, which is [...]
As I mentioned in my previous post, we would expect to see some range bound moves. It has been the case for the past 2 weeks partially because some bullish news from China provided some balance to the bad ones from the EU. Let’s take a look at the daily chart of the SP 500.
Daily
The SP [...]
I receive automated calls from Telemarketers and debt collectors every day. I told the debt collectors that they got the wrong person. They just kept calling. I am home 24×7. This really annoys the heck out of me especially when I am napping.
I have registered on the National Do-Not-Call list. But it does not work well. [...]
The market experienced some dramatic plunges last week. The worst was the Dow’s intra day drop of 1000 points on 5/6/2010. I did not trade that day. But my TradeStation was open and I saw it. Initially, I thought it was a technical error from TradeStation. I immediately opened Interactive Brokers and Yahoo Finance. They [...]
Some people walk into the market as if it were a casino. Trading in a sense is like gambling because luck is somewhat involved in almost every trade. But it differs from gambling because you could beat the house.
In a casino, every game is designed in such a way that the house will always be [...]
Do you think that buying new highs works? I heard both good and positive answers from other traders. When I back test a theory(system), I tend to spend most of my time looking for holes. Look at the chart below.
Every time you buy a new high such as A,B and C, you would meet a [...]
Another month just passed. The market just kept moving up, which perhaps annoyed a lot of people who like to buy on dips. Some stocks shoot up like a rocket, which is violent, quick an fast. Some zigzag up, which is slow but steady. Some are totally dead such as DRYS and STP. By “dead”, [...]
The solar sector seems to have been active lately. It has been pretty weak for most of the time during this big rally. Let’s take a look at some active ones.
Trina Solar Limited (TSL)
It is a Chinese company. The recent move was caused by the upgrade from Credit Sussie, which is based on a price [...]
I have been filing my tax returns as an active stock trader for a couple of years. I can tell you that there are a lot of advantages to file as an active trader than a regular investor. This post is not to teach you how but why. Once you understand why it is much [...]
These were once almighty bull stocks that a lot of people salivated over. Now look at them. They are basically a dime a dozen. You have no idea how many hearts they have broken. I can tell you a lot of people are still deeply buried in these doodoo stocks.
Some of them have already left the stock [...]
Traders are hunters. Hunting can be very exhaustive sometimes. After a few failed attempts, you are not only exhausted but hungry as well. When you are not in your tip top shape, you tend to make more mistakes.
Let me show you one mistake I made today when I was “hungry”. I picked my prey this morning [...]
I do not remember when I had a negative week last time. It was perhaps some time in early 2009. Now here it comes again. I am down more than 400 dollars last week.
Having looked at all the trades from the the last week, I found 2 issues.
Not a single winner
Bad judgement about the general direction
Not [...]
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