Sept. 24, 2010

I sold SDS at 29.44. The buyers moved in today and I moved out of the trade. I think from here on out I'm gonna stick with the stocks I mentioned in my last post and keep them until they fall below the 50 day SMA. That's what I'm doing with Jody who is up 40% the last two months with Netflix. That's what I did with Google and Ford which did very well for me. I'm getting my ass kicked with these short term trades. I guess it's just too aggressive an approach for someone that actually works and can't watch the market 24/7. I did buy some DSTI stock. I got in at 1.83. I also bought CRM at 120.85. This has been very educational. Somewhat painful, but educational nonetheless. I'll update the scoreboard sometime this weekend. I know I'll be losing, but I'm still confident I can beat the S&P before the year is over.

Sept 7, 2010

I bought SDS today at $32.39. If the market keeps going sideways, I'm probably only going to trade SDS and the following 4 stocks: NFLX, CRM, VMW, and FFIV. Their charts are picture perfect and they've all been rising steadily while the rest of the market goes sideways.

The scoreboard after my last trade is:

Me 3.58%
S&P -.95&

Sept. 3, 2010

Sold NFLX today for $138.66 at an 8.5% gain. I got some of my money back. The problem with losing 15% of your money is that you have to make like 20% to get it back. I'll update the scoreboard sometime this weekend. I'll probably wait until next week to buy something else.