AGU - Sold

Sold AGU at $38.99 for a gain per share of $0.33 and a return on investment of .9%. It was a small win, but again given the market climate and the fact that I still have a few negative trades, I decided to continue to pad my monthly returns with as many small wins as possible near the end of the month. This was a day trade.

This will probably be it for me for February unless one of my negatives turns positive before the close of the month. I'm very pleased with this month's returns over all and can't wait to begin again in March.

B AGU @ $38.66
S AGU @ $38.99

AGU - Bought

Bought AGU at $38.66.

Current Strategy

I'm having to adjust this year as I recently increased my account a great deal when I consolidated a few of my investment accounts into my trading account. This is my third year trading and I'm excited that I now have a significant sum to work with. I've always managed just fine and have yielded great returns, but a 50% return on a small amount of money is still a small amount of money.

I was always a bit nervous about managing more money when I started out a few years ago with $2,500. I didn't think it would be as easy and I'd get lost in the decision-making process when I'd consider how much money is on the line. Even though my overall goal is to amass as much as I can it still seemed like I'd have to change my entire strategy. However, I find that it's not harder to manage more money at all - but instead, quite a bit more fun!

I've been buying more shares per trade and its been working out quite well. Naturally, one's losses are equally as large if they get away from you, but on the positive side I've been meeting my monthly goal a lot faster and with a lot less stress and worry (knock on wood). Buying more shares per trade is essentially saving me time and making my wins so much more enjoyable!

M - Bought to Cover

Bought to cover M at $7.62 for a gain per share of $0.18 and a return on investment of 2.3%. I believe this will continue to go down, but I wanted the win considering I currently have a number of trades that are not going my way. Just an extra little win to pad my monthly returns. This was a day trade (17 minutes, to be exact).

SS M @ $7.80
BC M @ $7.62

M - Short Sold

Short sold M at $7.80. Given the market conditions I would be satisfied with a less than 5% return.

BJS - Bought to Cover/Bought

Well, I should have gone with my instincts - perhaps BJS will still go down in the next few days but I've reversed my holdings and I am now going long in BJS. That was a loss per share of $0.22 and a return on investment of -2%. This was a day trade and I cannot day trade again for five days - 2/17/09.

RECAP:

SS BJS @ $11.14
BC BJS @ $11.36

B BJS @ 11.36

CAKE - Bought

Bought CAKE at $9.33.

BJS - Short Sold

This might backfire but I short sold BJS since it looked like I could get one more down day out of it as the morning went on. Short sold at $11.14.

Watchlist & Stock Picks 2/11/09

I'm looking at some longs now as I think the minor pullback we just experienced is over:

QQQQ
IBM
AGU
GOOG
SYMC
BJS
CAKE
DAR
SDXC
M

I still have one short:

EPIQ

QQQQ - Bought to Cover

Bought to cover QQQQ at $30.30 for a gain per share of $0.42 and a return on investment of 1.4%. This was a day trade - I have one more day trade I can make between now and Tuesday 2/17/09.

RECAP:

SS QQQQ @ $30.72
BC QQQQ @ $30.30

M - Bought to Cover

Bought to cover M at $8.76 for a gain per share of $0.46 and a return on investment of 5%. This was a day trade.

RECAP:

SS M @ $9.22
BC M @ $8.76

QQQQ - Short Sold

Short sold QQQQ at $30.72.

CRA - Sold

Sold CRA at $9.74 for a gain per share of $.30 and a return on investment of 3.2%.

RECAP:

B CRA @ 9.44
S CRA @ 9.74

M - Short sold

I just short sold M at $9.22.

Watchlist & Stock Picks 2/9/09

I'm going to be looking to go short on my recent wins:

GSIC
DRQ
SYMC
SDXC
AGU
CAKE
BJS

DRQ - Sold

Sold DRQ at $26.15 for a gain per share of $1.34 and a return on investment of 5.4%.

RECAP:

B DRQ @ $24.81
S DRQ @ $26.15

GSIC - Sold

Sold GSIC at $10.17 for a $0.33 gain per share and a 3.4% return on investment.

RECAP:

B GSIC @ $9.84
S GSIC @ $10.17

CRA - Bought

Bought CRA at $9.44.

Watchlist & Stock Picks 2/2/09

I'm liking the following for a long:

IBM
CSCO
DRQ
QQQQ - careful on this one as its been channeling for a number of weeks.
GOOG - if I buy I'd buy a very small number of shares, simply because its too expensive for me!
DF
BLUD

DRQ - Bought

Just bought DRQ at $24.81.