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daytrader

Started by rickjust, June 30, 2008, 06:36:47 PM

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rickjust

long X 146.76

rickjust

 out at the support line 148.42

rickjust

staying safe and out of the market . can't see anything that grabs me today.
X would have been a good short today  was lucky to get in and out .
here is some light reading from Don Juan Matus

from Don Juan Matus (who was Carlos Castenada's teacher):

There is one simple thing wrong with you — you think you have plenty of time. You think your life is going to last forever.

If you don't think your life is going to last forever, what are you waiting for? Why the hesitation to change? You don't have time for this display, you fool. This, whatever you're doing now, may be your last act on the Earth. It may very well be your last battle. If this were your last battle on the Earth, I would say that you are an idiot. You are wasting your last act on the Earth in some stupid mood! You have no time, my friend, no time! None of us have time! Don't just agree with me. Act upon it.

Happiness is to act with the full knowledge that there is no time; therefore, the acts have a peculiar power. Acts have power, especially when the person acting knows that those acts are his last battle.

There is a strange all-consuming happiness in acting with the full knowledge that whatever one is doing may very well be one's last act on the Earth. I recommend that you reconsider your life and bring your acts into that light. You don't have time, my friend! That is the misfortune of human beings. None of us have sufficient time. Your continuity just makes your a timid man. Your acts cannot possibly have the flair, the power, the compelling force of the acts performed by man who knows that he is fighting his last battle on the Earth. In other words, your continuity does not make you happy or powerful. Focus your attention on the link between you and your death, without remorse or sadness or worrying. Focus your attention on the fact you don't have time and let your acts flow accordingly. Let each of your acts be your last battle on the Earth! Only under those conditions will your acts have their rightful power. Otherwise, they will be, for as long as you live, the acts of a timid man.

... You have to learn how to make yourself accessible to Power.

It is best to erase all personal history, because this makes us free from the encumbering thoughts of other people.

... You take yourself too seriously. You are too damn important in your own mind. That must be changed! You're so damn important that you can afford to leave if things don't go your way. You think that shows you "have character". That's nonsense! You're weak and conceited!

Self-importance is another thing that must be dropped, just like personal history.

You think and talk too much. You must stop talking to yourself. In fact we maintain our world with our internal talk. Whenever we finish talking to ourselves the world is always as it should be. First of all, you must use your ears to take some of the burden from your eyes. We have been using our eyes to judge the world since the time we were born. We talk to others and to ourselves mainly about what we see. A warrior is aware of that and listens to the world. He listens to the sounds of the world. He is aware that the world will change as soon as he stops talking to himself and he must be prepared for that monumental jolt.

Personal power depends on impeccability. Impeccability consists in efforts to change, in order to scare the human form - and shake it away. After years of impeccability a moment will come when the form cannot stand it any longer and it leaves.

One can stalk his own weaknesses in the same way as a hunter stalks a prey. You figure out your routines until you know all the doing of your weaknesses.

When one has nothing to lose, one becomes courageous. We are timid only when there is something we can still cling to.

Self-importance is our greatest enemy.

Impeccability is nothing else but the proper use of energy. To understand this, you have to save enough energy yourself. Warriors take strategic inventories. They list everything they do. Then they decide which of those things can be changed in order to strengthen their energy. The strategic inventory covers only behavioral patterns that are not essential to our survival and well-being. Self-importance figures as the activity that consumes the greatest amount of energy. Actions of rechanneling that energy lead to impeccability.

You must push yourself beyond your limits, all the time.


rickjust

UAUA 9.51 SOLD 2/3RDS at 10.01 holding 1/3rd
CELG at 74.60 sold 1/2 at 74.96 holding 1/2
had some CAL  but sold too early and missed the main move above 15. and 15.20
. fed news today . could be tricky with the market up so much might be a sell off.
but willing to hold these and wait and see.
max

rickjust

#79
decided to sell my UAUA . keep the CELG . don't really want to live in hope of a some sort of fed decision that wil send my stock higher. if i am wrong at least i can re enter higher if i want . don't like to speculate on what might happen much happier on the sidelines while the decision comes and goes.

rickjust

i like the DAY CHART of CELG

rickjust

My CELG  stayed strong into the close . UAUA came back but i decided to let it go.
had done enough for the day and didn't want to give back anything just in case .



rickjust

long SPY 128.04
129. target

rickjust

sold CELG
76.70.

rickjust

#84
sold my SPY  . 128.12
too sideways for me .
sit it out for a moment

rickjust

#85
re entered , SPY, 127.84 Sold 128.29 UAUA .9.90 Sold 10.35 CELG  (again ) 76.57 sold 76.86.
flat at the moment . that was quite a burst of energy in the market .
this is hard to keep up with . going to try to make a live trading video as i trade.
max

rickjust

the spy

rickjust

back in SPY  on break out 128.7
looking for 129.20

rickjust

sold SPY 129.03
close enough for my target of 129.2
resistance at 129.15

rickjust

#89
like a moth to the flame
made it to my target , left some on the table but that's ok. the key is to make money everyday
you can't go broke taking profits
max