Guest Post: The Prospectus Comedy Hour
Posted on December 14th, 2007
Written by Prospectus
Posted in: N/A (old archives)
This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com
So you thought I was a clown a few days ago? Today I was Chuckles McGuffaw the 3rd, Chief Clown and Grand Jester of the Market Clowns Union, M.C.U. No. 1337.
I had the day off today, and I had a couple of hours around lunchtime. I started scalping RIMM, and ended up making 16 scalps, moving over $200,000 of stock. End result: -$33 on the positions, and then $32 in commissions for about -$65 down, or roughly 6% of my current account balance. Yet again, I prove to myself that I have no business away from the 15 min chart and defined setups. Scalping also invariably loses me money. It’s comical how many times I pay for the same lesson. I did do better this time than I ever have before, though. At least I’m improving. :)
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