John's Blog

Stock Trading journal of a Penny Stock Addict and sometimes Day Trader. Live vicariously through the ups and downs (and a lot of sideways here lately) of a Penny Day Trader. Add me to your favorites, because finding me once is a feat to be proud of, and twice without a link . . . a miracle

Friday, July 14, 2006

A little more recovery, things are starting to look up. Maybe we'll get a day traders market soon. I'm in long holds under these erratic market conditions. I can day trade after a big bottom, or riding a top, but this up and down crap makes it hard for a stock to run because traders begin to lack confidence.

Wednesday, July 12, 2006

Up 0.19 a share on SHMT, too bad I only own 1000, that's a pretty nice one day move. Almost covers my losses on ATSX. That one has been a real loser for me, I didn't listen to my own advice and bought the middle (sometimes I do for trades I'm thinking of as day trades). Real bummer that I called that one so wrong. If it had been a winner this blog might be getting exciting about now. It'll come.

Tuesday, July 11, 2006

Well, another backsliding market day for me. It's just not my kind of market. I'm spending most of my time working on websites and writing stuff. I'm gonna stand pat on the stocks til Friday, and if I'm still this unhappy with my positions, I'm going to do some serious re-evaluation this weekend. I'll take losses if I have to to get into something good.

Monday, July 10, 2006

Slow start to the week for my portfolio. I'm up about 50 bucks on paper today with most of my positions unchanged. I took a bad hit last week, and I really need to start making money again. I can't take it out of the market to spend while the market is taking it out of me. I'm not worried long term, but short term things have been ugly since about the time I decided to start blogging about it. It'll all come out in the wash.