1. I sold out of my SKUL that i’ve been holding for a month for an OK gain – I guess. It wasn’t worth the heart attack & roller coaster ride for my blood pressure going up and down every god damn day, and today when it dropped like a mad man, I put a market order out and sold everything I had b/c I said, “fuck this bitch, it’s a bitch, and only bitches get fucked.” So that’s how I sold it; totally irrational. If anyone got stopped out of SKUL from that morning panic, that was me stopping you out or giving you a better price to pick it up. I might go back in….

+.36 / share

 

2. I day traded 3 stocks today to try and get some cash flow. AAPL, GLD, JCP.

AAPL

I opened a position on AAPL early in the am to try and capture a breakout trade; the target was to breakout from the 620.50 area. It worked out perfectly and spiked up to 621s quickly, then I added some more and was stopped out for +.15 a share. Then I shorted it at 620.88 when it started to breakdown from the 621 level and I shorted it not only b/c I saw some weakness on the tape but also b/c it usually does not hold the highs of the day for the past few days and usually spikes up in the am and drops towards EOD.

+.06 /share

GLD

Another one I tried to short was gold; it looked overbought and toppy to me today, so I shorted it by usings the 157.40 level; I actually pre-shorted this at .41 but was stopped out at 157.414666667 and lost .0046666~, so mere pennies. I thought the gold pop was overbought today and was trying to arbitrage it with the other metal groups considering they went from green to red, so I was expecting gold to follow the entire metal sector and drop further, but it did not and instead, it spiked a bit and I got stopped. I had a tight stop on it b/c of the run earlier.

-.004666667/ share

JCP

I shorted one of the shittiest companies that my mother, aunts, gmom, and every women I know that don’t go there to shop anymore, JCPENNIES – b/c it’s only worth pennies. I shorted this junk at 22.93 b/c I missed the short at 23 flat – a second of hesitation cost me .07 of profit, I am quite pissed off from this. Anyway, I added more to my short at the natural .75 level, and then tried to get some more at nat .50 but it blew past it b/c there were many other shorts ahead of me. When it touched the .40s, I put in a short at the .50 area but when it broke the .50, I saw strength on the tape and just left at the .65 level b/c I already lost .15 from my add at .50. But all in all, not bad. So with an average of 22.749 – 22.65, that’s another +.10 a share.

+.10 /share

 

Now that’s some decent risk reward there.
total : .004666667 for .52
day trade: .004666667 for .16

 

2 Responses to “Trade Review On SKUL, AAPL, GLD, JCP”

1. 

   Heisenberg

   August 10, 2012 at 2:46 pm

   hard to trade AAPL today with a crack spread of barely over $2.. gotta respect the options guys; wall of calls OI at $625 and wall of puts OI at $615; looking to pin the $620 strike if no news or rumor coming down the pipe…
2. 

   kneelb4me

   August 10, 2012 at 2:52 pm

   I hate trading AAPL b/c HFTs are always fucking around with it stopping me out.

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