whew!

made some money at the end of the day by watching the s+p and a couple crazy stocks. i could have made more if i wasn't such a pussy, but i am positive on the day and that is a good. i shorted DE 15:28 @ 41.45. instead of pussying out this time, i shorted more at 15:30 @ 41.55, and i wanted to short more at 41.60 but i didn't. it caved in and and was able to get out at 41.30.

mos i shorted at 15:37 @ 53.03 and 15:39 @ 53.15. i bought it back 15:41 @ 52.93.

after buying them back, i was wondering if i should go long, but i wanted to protect the profits. i did put a bid out for deere at .32 but it didn't get hit. i would have made some change but it is fine.

having a larger position size and scaling in for a better average price helped me here. i also made a mistake with mos. i thought i was hitting out but i hit the wrong button. when i went to hit out again, it was down another .05. i like sticking out the bids and offers but i do not like waiting around to get filled. i think for my starting position i will stock out bids and offers, and when i want to get out, i will just get out right away (no bids and offers). i am not completely comfortable with working the stocks in this way yet. i feel like it is averaging down, something which most books i have read frown on. but, there are many succesful traders who do this, and that is why they make money. my friend who is teaching me the ropes knows how to work a stock in this manner and i am trying to pick up some of what he is teaching me.

i am learning a little more (and losing a little more,HA!) each day.