I hate down markets.

It has been awhile since I have posted here, but I’m still trading. I have not made very many moves because of vacations and the down turn in the markets. I do not play the downside very well and so this time I bought 2 put options and I’m running with them. I sold my (1) VMW Oct 80 put Friday for $198.50 profit. My other Put option is ESRX Nov 45. Friday it crossed into the money and I like the action on this stock, so I decided to hold it over the weekend. VMW ? It just scared me a little and I sold it. Nothing wrong with taking a profit and it was a 27% profit.

Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	YTD 2011
$5.41	$698.41	$163.29	$248.52	$836.47	$0.00	$0.00	$198.50	$1256.47

Back from Vacation

Ok I left on vacation on May 12th and returned June 8th and I got cleaned out of my recent purchases. 4 losers and 2 winners and once again, my winners didn’t quite do the job, but I only lost $6 bucks. I do not like losing a dime, so this is still irritating to me. While on vacation, I learned from the past that I could focus on what needed to be done, so I did not trade while away. Monday June 12th I will be back in the mode and it looks like that mode will be buying puts or going short. The market is swing lower and I do not see it stopping anytime soon.

SFLY - ($51.42)
CSTR - $215.55
LO – $81.18
SHOO – ($99.23)
THOR – ($92.03)
V – ($60.33)

Profit – ($6.23)

 

Jan	Feb	Mar	Apr	May	Jun	YTD 2011
$5.41	$698.41	$163.29	$248.52	$836.47	$0.00	$1454.97

Stock	Entry	Price	Stop	Profit	% Gain
CSTR	$48.48	$54.23	$52.15	$356	12
LO	$108.60	$109.27	$107.55	$15	0
SFLY	$57.65	$58.29	$56.94	$27	1
SHOO	$54.94	$55.75	$53.30	$36	1
THOR	$33.89	$34.21	$32.80	$24	1
V	$80.35	$80.35	$79.05	$0	0
TOTAL	------------	-----------	----------	$458	---------

Back to the fight.

Today I sold SLE for a very small profit and then I bought 5 new stocks with very tight stops right before my vacation. I would be happy with making $30 bucks a piece just in attempt to make a little money and manage losses. I will be managing these positions tightly with the 30 minute chart.

SLE – $37.72

Jan	Feb	Mar	Apr	May	Jun	YTD 2011
$5.41	$698.41	$163.29	$248.52	$830.19	$0.00	$1448.74

Stock	Entry	Price	Stop	Profit	% Gain
CSTR	$48.48	$54.23	$52.15	$356	12
LO	$108.60	$109.27	$107.55	$15	0
SFLY	$57.65	$58.29	$56.94	$27	1
SHOO	$54.94	$55.75	$53.30	$36	1
THOR	$33.89	$34.21	$32.80	$24	1
V	$80.35	$80.35	$79.05	$0	0
TOTAL	------------	-----------	----------	$458	---------

This is why most quit trading!!

This was a tough week for me in the stock market and tough week on my retirement account. I made my worse mistake with SINA in that my mental Stop loss was crossed because of news. Then it made a recovery and I really thought I was good to go. Then May 3rd, bam!, lost $13 bucks a share before I could hit the sell button. That cost me, $465 in one position. That was half of my total loses out of 8 that I sold this week. After the butt wimping, I’m left with 2 positions and a stock market that has left me guessing as of Friday which way it is going to go next. So, when things turn against you and your not sure of direction, you stand down and wait for opportunities. So I will lick my wounds for a few days and do just that.

CVI (272.24)
PDC (100.03)
PRX (23.64)
BIDU (52)
HITK 207.96
ARUN (162.61)
SINA (465.86)
JAZZ .51

Jan	Feb	Mar	Apr	May	Jun	YTD 2011
$5.41	$698.41	$163.29	$248.52	$867.91	$0.00	$1486.46

Stock	Entry	Price	Stop	Profit	% Gain
CSTR	$48.48	$53.52	$46.50	$312	10
SLE	$18.42	$19.28	$18.25	$116	5
TOTAL	------------	-----------	----------	$428	---------

Disappointing performance for my stocks.

The S&P, Dow, Small Cap, and Nasdaq all rocked the week, but my stocks either sank or sat around and watched the move. I did have a couple do well, as CSTR took off after earnings came in, but it also faded all day long and could not hold the big leap up this morning. SLE had a nice slow move up this week and HITK held it’s gain and added just a bit more. The rest of my positions, gave all their gains back and some even went from in the money to out. Monday there is a good chance I will clean house and start over or stand down.

I might sell these position Monday unless something happens over the weekend to change my mind. BIDU, CVI, JAZZ, LULU

Jan	Feb	Mar	Apr	May	Jun	YTD 2011
$5.41	$698.41	$163.29	$248.52	$0.00	$0.00	$618.55

Stock	Entry	Price	Stop	Profit	% Gain
ARUN	$35.72	$35.92	$32.97	$12	0
BIDU	$147.62	$148.52	$146.00	$18	0
CSTR	$48.48	$53.98	$46.50	$341	11
CVI	$22.90	$22.23	$22.03	$87	3
CVS	$36.40	$36.22	$35.30	$12	0
HITK	$24.20	$27.66	$26.21	$346	14
JAZZ	$31.95	$31.50	$33.02	$3	0
LULU	$100.00	$100.05	$94.24	$1	0
PDC	$15.28	$15.50	$14.61	$44	1
PRX	$33.83	$34.44	$32.50	$55	2
SINA	$142.00	$134.75	$136.00	$152	5
SLE	$18.42	$19.20	$18.25	$105	4
TOTAL	------------	-----------	----------	$668	---------

Added one more

Had just a little cash left so I jumped into ARUN today, so now I’m tapped out. I have a lot of stocks in the money, but I also have a lot of stocks were their stop loss orders are out of the money. I need a bit more movement to be free. SINA made a very nice recovery today after the down grade from Goldenman Sacks last week, which just makes me mad. Two days after my purchase on a nice trending stock and they try an crush it. It is still a closely watch for now to see if it can crawl back into the black.

NFLX or Netflix is a classic example why you do not buy a stock right before earnings unless you are on the inside. We little people will never be on the inside and if you buy right before, it is a gamble only. Netflix reported after the close of the market today and it is down 5.3% in the aftermarket as of 7:50pm. It will be under pressure most likely most of tomorrow. If you look at the Weekly, Daily and 30 minute chart, it could be a nice buying opportunity if it holds above $230. I would not touch it until the sellers are done with it and the buyers return.

Jan	Feb	Mar	Apr	May	Jun	YTD 2011
$5.41	$698.41	$163.29	$248.52	$0.00	$0.00	$618.55

Stock	Entry	Price	Stop	Profit	% Gain
ARUN	$35.72	$35.80	$32.97	$5	0
BIDU	$147.62	$151.96	$146.00	$66	3
CSTR	$48.48	$50.52	$46.50	$126	4
CVI	$22.90	$23.20	$22.03	$39	1
CVS	$36.40	$36.02	$35.30	$26	0
HITK	$24.20	$27.25	$26.21	$305	13
JAZZ	$31.95	$33.50	$33.02	$122	5
LULU	$100.00	$101.38	$94.24	$41	1
PDC	$15.28	$15.82	$14.61	$108	3
PRX	$33.83	$33.20	$32.50	$57	2
SINA	$142.00	$138.41	$136.00	$75	3
SLE	$18.42	$18.62	$18.25	$27	1
TOTAL	------------	-----------	----------	$681	---------

Another downgrade!!

I hate buying a stock in a groove and then bam, downgraded by some firm. Why do we need to know this? I think it is the big boys trying to control stock prices so they can get a better price. SINA downgraded so I will likely have to sell it next Monday or Tuesday if it doesn’t reverse.

Jan	Feb	Mar	Apr	May	Jun	YTD 2011
$5.41	$698.41	$163.29	$248.52	$0.00	$0.00	$618.55

Stock	Entry	Price	Stop	Profit	% Gain
BIDU	$147.62	$148.65	$146.00	$21	1
CSTR	$48.48	$49.74	$46.50	$78	3
CVI	$22.90	$23.07	$23.26	$22	1
CVS	$36.40	$36.21	$35.30	$13	0
HITK	$24.20	$27.07	$25.40	$287	12
JAZZ	$31.95	$33.63	$33.02	$133	5
LULU	$100.00	$102.17	$94.24	$65	2
PDC	$15.28	$16.17	$14.61	$178	6
PRX	$33.83	$33.62	$32.50	$19	1
SINA	$142.00	$133.06	$136.00	$187	6
SLE	$18.42	$18.78	$18.25	$48	2
TOTAL	------------	-----------	----------	$613	---------