Thursday, April 2, 2009
Net Paper P&L: $-400 (Break-even negative) Caught 0% of $13,220
Activity Log
09:12:59 Ready to trade.
09:13:13 AAPL up above 110 pre-market. AMZN counter-trend down 0.50 again.
09:23:19 FASB unveils relaxed mark to market rules. Watch MS open on that news.
09:33:50 (MS) Could've been a good retracement from the open.
09:36:22 Sell 10 of AAPL at 10997
09:37:32 Oh crap, AMZN is back breaking new HOD and AAPL is back to 110.
09:37:54 Buy 10 of AAPL at 11037 net $-400
09:40:06 Funny how the direction for AMZN and AAPL is opposite.
09:41:02 (MS) New LOD, I'm too late to bother.
09:41:48 Tech's turning on a dime every couple of minutes! HOD, LOD...
09:53:08 (AMZN) Right back to yesterday's close now, 73.55.
09:53:19 (AAPL) sideways all morning, in retrospect.
09:57:26 (AAPL) break long of 2min 110.25 good for .70 so far
09:58:09 (MS) going sideways but no reason to cover from gap failure 24.65 - now 24.35
10:14:43 Stop trading.
Commentary
I missed the very early and risky short entry in MS, which turned out to be the mover of the day by far. Entry 24.60, went straight to my target of 23.70 after spread. That's $3600. (Actual low was 23.22, close enough given the noise near the low.)
In AAPL, I failed to enter long when we broke HOD after being burned short. The long was 110.25, as of 10:24 111.84 trailing stop .75. Automatic exit was 113.87 at 12:40. That's +3.62 or $3620. (Note that my initial .45 trail would've exited at 111.39 +1.14, the story here is: trail a good 0.50-0.75% in AAPL and in a trend you'll be rewarded.)
Post-mortem, let's remark AMZN which finally broke 74.00 for real at 10:15 only to exceed 77.00 at 12:30. It shows I shouldn't leave before 11:00am because that was an easy $6000 to collect, which I'm applying to the potential for today as a reminder that I should stay until 11:00.