“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 –

What a sucky month. I agree with Richard that this month may have been worse than August. There were few opportunities. And of the few opportunities - I had a computer glitch with one of the best.
I made about 7R on the month with about 70 trades for an expectancy of only 0.10.

If I had been able to get AMR, I would have had about a 16R month, which makes me feel a little better about my system.
But my goal is to make 20R a month, so I still would have failed to achieve my goal even with AMR.
Despite the poor results, overall I was happy with my trading. It was a tough month, which makes it important and difficult to stick to your system. I stuck to my system pretty well, and I was only really disappointed with one day. It was a frustrating month because it was choppy and provided few opportunities. My results were poor, but I am satisfied because after breaking my rules a couple of times last month because of being frustrated with the market, I was able to remain mostly calm and stick to my system despite the continued frustrating market conditions. I think this month could’ve been a lot worse if I had continued trading as I did in August.
I didn’t kept track of my profit/loss for the month, which helped a lot. Like Richard said on JC’s blog, “that number’s like poison.”
If only each R were $10,000, then 7R wouldn’t be so bad. But because my account is still small, I call myself a “starving chartist.”

“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 –

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,
Taking the Chinatown bus to NYC today.
Based on yesterday’s trading, the following stocks are worth noting:

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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 –

Since day trading is a lot about recognizing the patterns in charts, I have decided to post a chart every day that would have resulted in a profitable dummy trade. I will post these in the dummy-a-day category which you can simply click to review for practice. The chart will be displayed as it looked when the trade should have been executed, and when you move your mouse over the image, it will show how the trade would have resulted.
Here is one I missed today, BBH:

BBH is kind of thin, but it would have been a nice trade. If you bought BBH when it broke above the 10am candle at $182.37 with a stop below it at $181.46, you would only risk 91 cents. Holding until the end of the day would have given you about 268 cents for every share you owned, or about 3 times your risk.

It was a choppy, boring, POS day. I was lucky to get away with just a scratch. Dummy traders had a hard time unless they were long biotech, which had a nice uptrend throughout the day.
But here is a cool trick I learned to do in Cybertrader today to quickly find the sector/industry a stock is in:
From the main CyberTrader window go to Settings->General:

In the Links section, under Research, insert ‘http://finance.yahoo.com/q/pr?s=$stock$’ or any URL of your choice:

Whenever you right-click on the trading window and go to Research, it will load the page you entered above: