September Gutter Stats

September, while not an oustanding month, certainly wasn’t bad either. Despite numerous f-ups, I finished the month with a 16% return. I added $1000 to my account towards the end of the month, so now, if you are going to compare my stats to previous stats, you’ll need to add $1K to those old stats. All of these stats here assume I always had the extra $1K in the account. Here’s the stats for September: Starting account value: $6954.93Ending account value: $8080.24Total gain: $1125.31Total gain (%): 16.2% Average daily return: 0.86%Average daily P/L: $56.27Annualized return: 314%Sharpe Ratio: 3.33Maximum Drawdown: -9.52%Total ...Continue Reading...

Strong Gutter Finish

After my painful loss last week, I came back today and finished the month with a strong trade. My day started with HYGS. HYGS was announced as a pre-hit in the GOS chatroom. It was in combination with news. At the open, it crossed $1 on green, and I jumped in for 4000 shares at $1.04. My target exit was at least $1.14 or better, but HYGS never got that far. It briefly touched $1.13 only to fade. I jumped out at $1.03 for a $60 loss. Despite the loss, I felt this was a solid trade. It had all ...Continue Reading...

A Painful Lesson in the Gutter

Sorry I haven’t written a post in a number of days. I’ve been gone at a conference. On Wednesday, September 24th, it was the first day I could now use my split accounts. I had $3K in one account and had 3 day trades. I saw a 10/60 cross on FRE. I was a bit slow in getting in, but jumped in at 1600 shares at $1.79. However, it touched $1.80 only to start to come back down. I got shook out at around $1.75. I decided to get back in, again getting in at $1.78. However, I AGAIN got ...Continue Reading...

More Gutter Frustration

Ugggh….I’m just ticked off right now. I should’ve covered my CAEI position yesterday since I couldn’t keep an eye on it this morning. I figured it still had a bit more downside. Well, when I came back from seeing my client, I saw that CAEI had squeezed to $7.50. My account was now below $7K. CAEI had spiked pretty hard so I decided to wait for a pullback before I covered. It pulled back below $7.40. I tried to cover in the $7.30′s but it went back up. I eventually covered at $7.42 for a $173 profit, only to see ...Continue Reading...

Using 10/60 crosses on ETFs

In a past blog I mentioned how you can use 10/60 crosses on major indices to help reinforce decisions to enter individual stocks. I noticed that you can also use this with ETFs. If you’re playing a stock in a particular sector, you can see how that sector is doing by looking at an ETF. For example, two financial-related ETFs are KBE and XLF. If I had paid attention to these today, I would’ve never even bothered entering any financial plays, as I would’ve seen how bad the entire sector was doing. If you look at the 5-minute chart for ...Continue Reading...

More Lessons Learned in the Gutter

Learned some more lessons today. Luckily these lessons didn’t cost me too much money. First, it started with my over-the-weekend WM trade. WM was around $4 in pre-market. I was up about $100 on my position. I should’ve exited here. Why? Because the reason I got into the trade was based on the fact that WM might be bought out over the weekend. They weren’t, which means it was time to get out. However, I waited until the market open instead, and WM started to tank. I got out $3.71 for a $50 loss. I’ve always had a rule that ...Continue Reading...

OUCH! in the gutter

Crazy day in the gutter. If you aren’t careful, you could get hurt. I got hurt. First, it all started last night. In after-hours, I considered buying a financial. I looked at WM and DSL. DSL was just over $2 in after hours. I tried to put an order in but then it jumped to $2.30 and I decided not to. Then, right before after-hours trading stopped, I tried to get 500 shares of WM, but my order didn’t execute in time. I was too wish-washy and undecisive. Should I? Shouldn’t I? By the time I made a decision, it ...Continue Reading...

Missed an awesome day, but found some interesting ways to use the 10/60 cross

I missed an awesome day today, with some huge moves on some of the financials. I had 1 day trade available to me today. I wasn’t hanging out in the GOS chatroom like I usually do. Too bad, because I probably would’ve been alerted to some of the huge moves made today by some stocks, like MS and MEG. Next time, I’ll be sure to be in the chatroom if I’m watching stocks!!!!! Anyway, I did have my eye on WM and AVF. I even saw 10/60 crosses on them (using 1 minute time windows), and AVF even had an ...Continue Reading...

Quick Update

In my last post, I said how I probably wasn’t going to do any overnight trades. However, EPIQ looked too good. It was showing a beautiful afternoon fade, gradually breaking down cent by cent in the last hour of trading. I jumped in the middle of the fade, trying to short 250 shares at $13.17. However, I only got partially filled for 150 shares, so I grabbed another 100 at $13.16. EPIQ closed at $12.91, putting me up $64 on my position. The only thing that makes me nervous here is that I saw that there was a 10,000 share ...Continue Reading...

Over 7K in the Gutter

Today I busted through the $7K mark on my account. My overnight hold in CEG worked out well. CEG opened just above $30. I was down over $200 on my position, and my account was below $6K. However, I decided that I was going to give the trade a chance to breathe and not get shook out of my position too quickly. Sure enough, after a minute, CEG started to climb. It hit $35 before pulling back a bit, and then surged above $38. My target exit was $40, but I could tell CEG was having trouble holding above $38. ...Continue Reading...