09.21.07
Tradings today
Bought 55 shares of FRM @$9.04;
Bought 50 shares of QXM @9.93 and 50 shares of QXM @9.88, so the average price is $9.91. This is one of the sweetest thing of using Zecco! For example, today I really want to buy QXM again, but the price is looking a bit high, so I first bought 50 shares when it went a bit down (in case it went up too much later), and then it kept going down more, I bought some more. Really need to take advantage of $0 comission fee!
New Lesson Learned today:
1. Look at after hour price/trades: very important parameter for the open price the next day. Also, Google Finance and Zecco provide this – but not every site (btw, MSN Money is so lame! It provides this really nice-looking interactive chart tool, however, when you click on a point, it usually doesn’t show the price. Instead, Google Finance doesn’t require you to install anything and it just works. *sigh*);
2. Look at real-time quotes: Zecco can always returns real-time quote (last sale price), it’s really helpful if you use Limit Order a lot. Fidelity also provides this function, but you either need to open a new window or go ahead and make an order.
Anyways, I’m feeling lazy today, so keep it short. Now that market has gone to a normal state, I need to learn something that works for a good market. A lot to learn from ClearStation (I’m loving it!)… and I just got really into this fiction “The Key” and I want to do some reading tonight!
09.19.07
Homework today (Updated)
Wowwers for www.clearstation.com. Very nicely done stock chart. There are other sites (www.stockcharts.com for example) that have great charts too, but ClearStation explains the technical terms and how you should look at the charts. Hehe.. new things every day!
I’ve gained quite decent return during the period when the market crashed, and now that the market is back to a healthy state, I might need to considering changing my stock pick a little bit, at least not too much rely on the experience that I gained over the last few months.
A few new stocks to study: EMC, PDE
Oh btw, I forgot to mention, my wishlist could have been filled for AEY yesterday (well, 9/18) since it went under $7 early during the day… but I don’t have extra funds in Zecco so I didn’t buy! And today it’s like $8.40. But you know what… just stay calm – you cannot just win for stock.
BTW… in the end I still bought an iPhone…. now I can wake up early in the morning and watch the stock in bed!!
WORST HAND EVER
I set QXM at $8.19…. F**K, look at it now! Daily high was $9.05 and right now it’s $8.90… How come I set the limit price so low?
Man I have to get up early from now on…
Why did I get a carwash on Saturday?
It’s ridiculous that I never care enough to get a carwash, but I had one anyway on saturday. And then it has been raining since Sunday! Good that my car is still clean.
And what’s more ridiculous, is that this is the exact same situation for my stock trading. Friday was a perfect opportunity for me to sell… but I didn’t… and it has been down since. But of course, by sticking to my rule of buy at low price limit order, there’s no loss.
So I figured out a few things today:
1. Zecco doesn’t charge me any comission fee, however, it definitely takes longer for me to transfer cash. (On Fidelity you immediately have the buying power even though the money hasn’t been settled, but on Zecco it took about 1-2 days). In order to make my short-term strategy work, I decided to move an extra $1000 into my Zecco account, just for emergency buying opportunities (man, I missed AEY today! It dropped under my wishlist price and then climbed up so much!);
2. For a trader like me, choose “Day” instead of “Good until Cancelled”. Why? Because I usually adjust my orders the night before market opens, and right before I go to bed. It takes a while (at least on Fidelity) to cancel the order when it is after-hour. As a result, when I cancel an order, it stays as “Pending Cancel” and I couldn’t make another order;
3. Don’t wait until late in the night to do my research. ESPECIALLY DONOT PASS MIDNIGHT. It’s very important for me to look at the daily high, daily low and intraday price. Once it’s past-midnight, everything gets reset and it’s so hard for me to do my research!
Re-visit the stocks of interest / deserves mentioning:
- CRZ: I’m DEFINITELY interested in this stock. I like the curve and pattern like you can make 10% short-term. But it has been gone up a few days in a role that I won’t buy until it goes down a bit;
- FRM: This is a great stock and I would love to buy when there’s a price around $8.10;
- ZNH/LFC: two China-based stock and in order to stay diversified, I will only buy one, depending on which one is hitting my desired price sooner and closer – ZNH @$71.25, LFC @$73.30;
- GS: it’s going up tomorrow, so no buy tomorrow. Looking for a buying opportunity around $195;
- ZBB: well, the symbol is ZBB, what can I say (just kidding!)… this is a great one.. but you need to get rid of it quickly too… next time when it goes under $3.40 (maybe even $3.45);
- UVE: it’s a great stock, but small volume. With the market doing so well, I prolly won’t buy until it’s around $5.50 again;
- AEY: Sorry I give up on you;
- QXM: Sorry I give up on you, trying to sell once I find a reasonable change;
Wuwu.. I’m so tired now… remember… I should do stock preparation earlier!
09.17.07
Plans for this week…
Setting limit order for LNX at $5.86… I don’t think I will be able to hit it on Monday… but hopefully by Tuesday.
WishList (although I have to say, these three might be hard):
FRM @<$8.00
AEY @ <$7.00
CRZ @ <$14.50
So today, as I re-think about my strategy here again, yes I have to admit that it’s aggressive and of course, not easy. Well, it’s really not that hard to make 20% in 2 weeks counting from the day you bought the shares to the day you sell. However, how to make this continous and keep the cash flow is the hard part – otherwise you are taking a break between your 2 weeks. It takes time for the new stock that you want to buy to drop to the price that you want to buy, also it takes 1-2 business days for your money to be settled so that you can buy something new again. I definitely need to come up with a better timing so that I don’t have this long break thing.
However, lets try to hit the very first milestone first.
09.13.07
Buy QXM@$7.73, 128 shares
Bought 128 shares of QXM at $7.73, but since I bought through Zecco, there’s $0 comssion fee $989.44. To be honest, I’m sortof worried about this one… so I will probably keep a closer look…
So as for right now 09/13/2007, here is how I allocate this total amount of $2002.28:
$984: 200 LNX
$989.44: 128 QXM
$28.84: cash
PostSecret
http://www.youtube.com/watch?v=B6rTkp1dek4
I got this book from the libray today, and finished all at once within 2 hours. I higly recommend. You know what, I didn’t know I’d be touched and 1-2 lines of words I felt there’s actually tears in my eyes.
So twisted, but so human, and we are all human-beings.
Buy LNX@$4.88, 200 shares
Today I bought 200 shares of LNX at $4.88, plus $8 comission fee, it’s $984 in total.
My rules
To start off, I need to make certains rule to follow…
1. Rule of thumb: don’t ever get emotional. Being emotional loses money. If you cannot buy at this price, just don’t buy, then it’s risk 0.
2. Be patient: wait until the price that you feel comfortable. Don’t rush!
3. I won’t put extra money in – just purely this $2002.28. If I’m actually making any progress faster than 10% in 2 weeks, I might even pull some money out. This sounds silly, but that’s actually one of the reasons that I want to put it in my rule – don’t get greedy because it will get you emotional.
