My first day really day trading

Well today was quite a learning experience.  I was up all day with moderate gains but one wrong move on WMT wipped me out.  I ended up losing $15 today… which is not too bad considering yesterday’s gain – but still I am not happy.  My mistake was in the trading sizes of the moves I made as well as not taking the profit when it was running well.  All my sober calls were correct, I simply waited too long and the trends reversed themselves too rapidly for me to react.  And looking back if I had held longer some of my losses would also have reversed themselves.  The bottom line is I have to tweak my technique and discipline.  Have better defined stops and keep learning.

Here’s a list of my trades –

04/28/2009 3:08 PM $4,830.00 Sold 100 WMT@ $48.30
04/28/2009 3:08 PM $4,825.50 Sold 100 WMT@ $48.30
04/28/2009 3:03 PM $-9,688.50 Bought 200 WMT@ $48.42
04/28/2009 3:01 PM $9,655.50 Sold 200 WMT@ $48.30
04/28/2009 2:54 PM $-9,712.48 Bought 200 WMT@ $48.5399
04/28/2009 2:47 PM $290.94 Sold 6 WMT@ $48.49
04/28/2009 2:47 PM $4,698.0697 Sold 97 WMT@ $48.4801
04/28/2009 1:29 PM $-5,010.30 Bought 103 WMT@ $48.60
04/28/2009 1:12 PM $4,982.97 Sold 83 SKF@ $60.09
04/28/2009 12:54 PM $4,978.2255 Sold 255 WFC@ $19.5401
04/28/2009 12:51 PM $-4,998.00 Bought 255 WFC@ $19.60
04/28/2009 12:06 PM $-4,969.21 Bought 83 SKF@ $59.87
04/28/2009 12:04 PM $1,087.90 Sold 55 WFC@ $19.78
04/28/2009 12:04 PM $1,978.00 Sold 100 WFC@ $19.78
04/28/2009 12:04 PM $1,978.00 Sold 100 WFC@ $19.78
04/28/2009 11:50 AM $-4,998.00 Bought 255 WFC@ $19.60
04/28/2009 11:01 AM $2,399.20 Sold 40 SKF@ $59.98
04/28/2009 10:55 AM $-2,402.00 Bought 40 SKF@ $60.05
04/28/2009 09:33 AM $2,529.60 Sold 310 BAC@ $8.16
04/28/2009 09:30 AM $-2,480.00 Bought 310 BAC@ $8.00

Result – ($24.58)

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