No more CHA! Trade Trade!

Today was another busy day at trading! First of all I want to highlight my difficulties again. Because only then can you my readers truly understand what I do. We are getting our staircases finished because we just moved into a new house. Sooooo at about 9:17 the stair guys come. I'm like O GREAT! I also had my omelette sandwich in my hand, I stopped making cha in the mornings now due to time constraints and I also had calls coming from my mom about 2 times within 5 minute time span because I had to cancel some appointment for her and also she wanted to tell me that she made me some roti so I can eat it. I don't hate on that. I am just saying and all of that happened between about 9:17 and maybe 9:35 ish. I was like to myself "WHAT ABOUT my trading?" I got sad.

The guys who are finishing my stairs were like omg your stairs have not dried up yet, we cannot coat them with the final layer we will come back Thursday! So NOW, I am happy!! Mu ha ha. Trust me people, you know it rough when I stop making cha for myself in the mornings!

But I traded today, managed to pull out a winner. I traded Urban Outfitters...LOL I just found out right now while writing the blog which company I was trading...does Urban Outfitters operate in Canada? 

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Below are my trade tickets and P/L for the day.

I didn't play with full risk today because I knew I would be caught up with the dudes who are finishing my stairs so hence the smaller share sizes. 

I few things I want to highlight, for anyone who trades or is doing or starting anything else in life, you really have to treat it like its the only thing you got. If you don't then you wont get results.

Calls, calls and more Calls

Anyone who hasn't listened to Missy Elliott's song one minute man song here it is http://www.youtube.com/watch?v=XayUCLgxS5c

So why is did I include this song? It is because just like Missy Elliott's 1 minute men this trade was pretty much the same. There was VERY VERY little time to process information, I swear my brain was scrambling. I only knew 1 thing and that was to GET IN THE TRADE.

Here is the trade below:

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If you look at my prints below you can see I entered the position at 9:33:46 and last trade was executed 9:37:07 That is exactly 3 minutes and 20 seconds. And my profit? $152

Props to one of my readers for mentioning I had a type in my post! shout out to @usmaanmujtaba for pointing out the fail. It is now fixed. 

I am just trying to make the world realize how QUICK, ALERT and HOW FAST I have to make my decisions. I've missed plays in the past and I really really HATE the feeling when plays get missed or my orders get skipped. If I even pushed "BUY" maybe 1 second later it would have made a massive difference to my end result. 

Now imagine trying to trade and also getting phone calls at the same time, my house phone + cellphone were going off the HOOK before during and after the trade. LIKE PEOPLE I AM TRYING TO TRADE. (not saying don't call me) but like come ONNNNNN.

Please refer to image below of my incoming calls this morning during trading: I have left out the names! Also I got a call a t 9:27 on my house phone!

Thank you,

Enjoy your day everyone! 

First day Back

It's September, the summer is kinda behind us, for students it's like New Year's Day haha! I want to go back to school, life was so chill, all I took to school was a pen and a notepad. I kept it old school, I tried to fit in with others and take my laptop and I found it was the dumbest decision of my life. I think I only took my laptop to school once. I rather come empty handed and carve notes into my skin with my chewed up nails. (Not)

Okay but today was my first day back to trading, I've been waiting a whole month and it was a good day to learn to pay attention, take it slow (the way the ladies like it) and lastly I need to create a trade checklist because I ended up inputting too many wrong orders. I was lucky the market wasn't mean, but just like a teacher who forgives that late student on the first day, the market was very nice to me. I made a few mistakes when I wanted to input my orders and still somehow I ended up walking out with a profit. Who doesn't remember the hit 90's show Forgive or Forget?? Today the market forgave me. If I get fancy again it may chew me up and forget me. ( the show wasn't as good as Jenny Jones) 

But lesson learned today: Ensure orders are entered correctly and double check before pushing buy / sell. 

Here is the trade.

It was a beautiful short setup, I don't know what it is about shorting but OMG shorts are just something else. I played this on the 1 minute chart, I am getting a lot better at choosing the right setups with the right time frames. Normally being aggressive out of the open is not my thing but it can only be done if a stock and the market is properly understood prior to the open. It took me probably less than 2-3 after the market open for me to develop an understanding if I should trade this or not.

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Here are the trade tickets:

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No more playing around, mistakes can't keep happening over and over again, it just leads to bad behaviors.