Irrationally mad decision making to obtain the American Dream.

I couldn’t be 100% more wrong. Wishy-washy indecisiveness with markets

So all my short term plays yesterday would of failed today, 100% of them. Stocks have been going up and down each day as if each day is bearish or bullish day. What you think is going to happen next is probably the complete opposite.

Lets looks at Citigroup (C @ $31.32). The entire day the major headline was “Investment group buys 5% stake in Citigroup” basically optimistic positive news article thinking there must be a gem hidden in financials since this investment group is buying them even though again all these banks have billion dollar losses! Although Citigroup really failed to move everything else sure did. I can’t express how I feel about this volatility. If I was sitting at my computer all day and was willing to trade intraday I might really dig it, but when you are trying to trade short term weekly trades this jumpyness hurts. All of my stock market muscles are being broken, pulled, and weakened. I’ve yet to have a come back, make some touch downs, and get back into the game healthy. I’m hurt and probably will be on the stock market sidelines for a very long time. My account now says a balance of $300. “Wow”. Well that’s life for yah, well for me at least.

I’m going to read my bible tonight. I’m going to read it until I read myself to sleep. I’m not much of a bible reader, but I need to start learning better discipline then what I’ve been acting on lately. I know I’m putting what talent I do have trading stocks to the trashcan and if I keep it up I may never trade again because I won’t feel confident enough with so much regret.

Amazingly enough from what I was taught at the end of November stocks are suppose to have a run and move up. So maybe even with all this downside this is that run during the last week of Nov. and I’m playing Puts instead of Calls because I’m so confused. If you aren’t confused and you are making 100% profitable trades then I’d sure likely to know what you are doing.

Now as for practice trading goes I’ve actually have done pretty well for a large majority of my trades on paper. It just seems when I do it with real money I get greedy and then I get slaughtered. Seems like the past four days stocks have trades higher at least for technology. As for financials stocks of fallin except for today. When will all these billion dollar losses change the market? Are all the falling stock prices already priced into the billion lossed? Hmmm….

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2 responses

  1. This is a very tough market to trade in. Only day-trading seems to work. My model for longer term (week or so) trades hasn’t failed this bad in years…

    November 28, 2007 at 11:03 am

  2. Hi moom, nice to have you back and leave a comment. You are 100% about these tuff markets. Any picks I practice on have been failing especially this last week, BUT historically stocks have risen in the end of November and I guess even after minor big corrections. You aren’t the only one failing….My biggest trades were 100% wrong with my planning for this year which has really hurt me in every way possible. All these plans I had for trading right now didn’t work so now it is like starting at $0 again. So now I’m going to start planning for next year and practice trading 1000% harder so I don’t make the same errors.

    It seems if you are trading extremely small profits like only going after $.25-.50 your trade should work intraday, but anything more you’ll be negative by the next day.

    cheers – fn

    November 28, 2007 at 8:03 pm

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