Monday, August 06, 2007

Bad Month

I had a horrid month trading. Got caught on the wrong side of two really nasty trades: GSF & FCX. GSF I got a little emotional about when it hit 80 the day after I bought it... only if I had sold there. Watched it sink down in to the 60's. Totally unexplicable.

FCX was pretty much the same in this highly volatile market. I was picking strong trending stocks, and hiting them just a little below there highs. It retracted quite a bit... quite frustrating.

There were a couple good trades in there (AMX being one), but they are never as memorable as the bad ones.

The biggest problem I am having right now, is not the trades I'm making, but the fact that I have no control when the market is this volatile, and I'm sitting at work unable to log on to my brokers web site (rules of the job). It is really quite frustrating. On the flip side, this may force me in to a very rigid system for trading. The missing piece is something reliable enough to trade during the day without my attention. Yea... that's gonna take some time, but I have some good ideas of how to do this. It's just more system program, but at a finer level.

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