Good morning, my name is Ugly, and I am a loser. I have it in me to do serious financial damage to my account.

Dear Diary,
The website was messed up overnight because my internet went out when I was trying to edit the layout.
The following alpha stocks are opening up:

The following alpha stocks are opening down:
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“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –

“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –

Today was both good and bad. I like to look at the glass as half full. I went long BTU at exactly the right spot and would have made 7R on the trade, but I closed the position too soon for only 0.5R.

That was the bad part. The good part is that I have learned a valuable lesson. I have made a new rule for myself. From now on I am done trading at 1pm - done for the day. Whatever trades I have going at 1pm will remain open until either they hit their stop or they are closed at the end of the day. I will check back in after the close at 4pm to see how the day ended up. Looking through my journal, I see that there are many trades that I closed too early. The profit I missed with these trades is much larger than any profit I kept from closing a position early.
Plus, it will be nice to finish the day at 1pm so I have the rest of the day to do other things.

Good morning, my name is Ugly, and I am a loser. I have it in me to do serious financial damage to my account.

Dear Diary,
It seems like my internet is out only every morning and then it works fine in the afternoon and evening. Back at the coffee shop… I just commented that, without my usual second monitor, I was surprised to find that it actually makes things simpler and less distracting. It makes trading a little more difficult, but this is actually a good thing when you are prone to overtrading.
The following alpha stocks are opening up:

The following alpha stocks are opening down:
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When do you exit a winning trade? Do you use trailing stops?
This is a good question that I don’t exactly know the answer to - I’m still trying to figure it out. Currently, I will sometimes move my stop to breakeven, or close 50% of the position at a point that I think may be a peak - but I will often hold at least half until the close. The thing that seems to work best is holding until the close. Letting your winners run is important to remember. I am trying to pay close attention to my winning trade exits in my trading journal to see if I can come up with the best solution.

“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –

“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –

NPR had a 2-3 minute piece on the Singularity yesterday.

A bundle of 3,500 pages of letters, papers, postcards, and other documents belonging to Albert Einstein were unsealed at the Hebrew University of Jerusalem a couple weeks ago. They revealed that he lost most of his nobel prize money in bad financial investments:

The newly released papers reveal that he invested three-quarters of the money, about $24,000, in long-term bonds via the Ladenburg and Thalmann Bank in New York. Mileva was supposed to receive the interest. But the value of the bonds was wiped out in the Depression of the 1930s and Mileva’s income dried up.