1 Stock Trade this morning, for an ok win. I talk a bit about market biases and mental stops in this video, as well.

Man, way back when I heard Creep, I never would have guessed that Radiohead would go on to make songs like Fake Plastic Trees on their follow-up disc (The Bends):

What an awesome song. They are really great at taking an idea and building it up into something massive over the course of the song (see also Exit Music (for a film)). Anyway, I was listening to it during my trade, so I thought I’d add the video to the post. I like the new In Rainbows, and really all their work, but to me The Bends is still their best. According to the Wikipedia page on the song:

The director has said about the video: “The film is actually an allegory for death and reincarnation but if you can read that into it you must be as weird as the people who made it.”

Watch this post's video on Youtube
Watch this post's video on Youtube

Man, as the video shows, I had the choice between going long General Electric Company (NYSE: GE) or going long Ryland Group, Inc. (NYSE: RYL) at the open… and I chose fricking GE. Oh well. Per my plan, I only watched stocks in the morning. So far, I am liking my plan. I also traded Macy’s Inc. (NYSE: M) for just a tiny gain, and it dropped like a rock a few seconds after I covered. Damn, just not my day in stocks.

In futures, I made 5 trades for 4 wins and 1 loss. I am still not a very good futures trader… the trades I choose are not ideal at all, even though I have indicators sometimes screaming at me to dive in and make a fortune. Especially today, it was difficult for me because we had so much volume that I didn’t have much time to think. Most good trades passed me by while I considered my options.

But, I do think I am making serious progress. My win rate is around 80% this week so far, which is similar to my win rate for stock trades. My number one problem is still that my average win is smaller than my average loss. That makes it hard for my PnL to get any traction, even winning 80% of the time. However, barring a string of losses tomorrow, I will have made money in futures this week. If I have a good day tomorrow, I will have broken even on my futures account (I’m down about $150 from when I started on 9/24/2007). That milestone always feels good. From there, the sky’s the limit!

Stocks Mentioned In This Article
Stock	Links
GE	| |
RYL	| |
M	| |

Watch this post's video on Youtube

Just a short day, today… only traded the first hour. Maybe, if I get bored, I’ll check in at the last hour and see if any trades jump out at me. But, probably not.

Trades were on RIO, RYL, and @ESZ07. All for wins.

Life is good.

Watch this post's video on Youtube