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, MIR:

If you bought MIR when it broke above the 12:00 candle at $36.56 with a stop below it at $36.47, you would only risk 9 cents. Holding until the end of the day would have given you about 45 cents for every share you owned, or 5 times your risk.

Today was another tough day. In the last two days, we’ve been stopped out of 6 of 7 trades. We’re now in negative expectancy territory and our win rate has been knocked down under 50%. I’ve been risking $200 per trade, but I will be changing this to $190 on Monday. Looks like it might be a good start for 34 consecutive losses! Woohoo!
At least the program is doing what we want it to, even if it is not yet profitable.
Hope everyone else fared better today - have a good weekend.

“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, WFMI:

If you bought WFMI when it broke above the 11:00 candle at $50.78 with a stop below it at $50.48, you would only risk 30 cents. Holding until the end of the day would have given you about 132 cents for every share you owned, or over 4 times your risk.

“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 a tough day. I got chopped up and the ATS also got chopped up. The ATS even hit its “max loss strikeout” for the day and was forced to stop opening any more positions. I should have done the same. It opened five positions today, three long and two short. Four of them were stopped out and only one worked. For a crappy day like today, when the damn thing was forced to stop, I wasn’t disappointed with the results.
I also had to pick up my girlfriend at the airport, so I had to close the lone remaining position at around 3pm. If I had let it go, it probably would have closed it by itself, but I’m not ready to let it fly solo until it’s proven itself over a few months.
All of the trades were filled perfectly. The stop orders were placed perfectly. The reporting was perfect. There are still a few minor things, but overall it is getting damn close to running how we want it to run.

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

Dear Diary,
Gold went nuts yesterday.
FSLR is super hot.
In case you were wondering, BULK has changed its symbol to NM and moved to the NYSE. The Chairman and CEO of the company, Ms. Angeliki Frangou, is going to ring the Opening Bell at the NYSE this morning.

I finished my resveratrol today. I didn’t notice any changes while taking it - no superhuman powers like I was promised. Who knows what it really did, if anything, but I probably won’t buy more.
I also ate a few of my green tea leaves this morning.

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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 –

I eat a little dark chocolate every day because of its health benefits, so this article about the flavanols in cocoa didn’t surprise me. Besides the antioxidants, they also think that cocoa may improve brain blood flow.
Anyway I was looking at the wikipedia entry for flavanols and I noticed they have a link to a large pdf which lists many foods and their content of flavanoids. I printed this out and was looking it over when I noticed that canned capers contain 315mg of flavanols per 100 grams. I was shocked to find out that this is over 15 times the amount of cocoa, which only has 20mg per 100 grams. Brewed green tea has about half this amount at 150mg, and red wine has 1/20th of this at about 15mg. But raw green tea leaves have over 12,000mg of flavanoids per 100g!! Should I mix green tea leaves and capers in a salad for lunch everyday?
There’s nothing in the wikipedia entry on green tea about eating it, but I found this:

In the book, “New Tastes in Green Tea,” by Mutsuko Tokunaga, she refers to eating steeped leaves several times. She suggests using them as you would use any parboiled green vegetable; also to add them to rice pilafs and salads, or mix into the batter of deep-fried dishes.

I had never heard of it, but it probably can’t hurt.
Maybe a more civilized thing to do would be to drink Maccha, which is ground powdered green tea leaves.