Wednesday, October 31, 2012

As of October 31, 2012

Screen Shot 2012-10-31 at 10.18.26 PM

One thing I hate is talking to people that trade stocks and they never, ever will show you the bottom line. The P/L or the Profit and Loss statement. I do not post here enough but here it is as of October 2012. I’m down $1365.94 for the year which irritates me a bit but I have to keep reminding myself that playing individual stocks is hard. If it was as easy as some people make in sound, then why won’t they show you the P/L or quit their day job? Well it doesn’t take a rocket scientist to figure that out.

I will keep plugging away until I find my groove and when I do, believe me, you will hear and read about it. I’m close, discipline, discipline, discipline.

Sometimes things just workout

Do you see that little green note on the stock chart above? That's a note I made on the chart Friday, October26th that price fell below my CBL by the close of the day and it needed to be sold. Monday and Tuesday the makets were closed because of Hurricane Sandy. Come the opening today and PVH was up 20% on news. Do I care what news? Nope, sold that puppy for a 12.61% profit after commissions. What a turn around. I was down about 5-6% and now I was dancing in the streets. 

Just goes to show, sometimes even I get lucky in the stock market. I think I've earned it after all the hard work I do trying to figure this stuff out.

Ok party is over, back to the markets. :)

Friday, October 12, 2012

Are you better off?

Ok, I hate politics but I keep hearing this question over and over again and instead of listening to all the crap that each politician puts on TV I decided to just check the charts of the stock market. What the charts below show is the first 4 years of President Bush and then the first 4 years of President Obama. All I can say is a picture is worth a thousand words. I realize that not everyone plays the stock market but in a round about way the stock affects everyone.