September lives up to 'rep' as worst month for stocks

September did little to change its reputation as the worst-performing month of the year for the U.S. stock market. After a run to a new record high on Sept. 18, stocks have been going down and finished the month in the red.

The Standard & Poor’s 500-stock index fell 1.6% in September, dropping from 2003.37 to 1972.29.  The Dow Jones industrial average dropped 0.3%, the Nasdaq composite plunged 1.9% and the small-cap Russell 2000 index is off 6.2%.

My account balance is 2K less than the balance on Sept 18th..

 

It is a positive month for me! 

 

 

Well. I'm not in a hurry going back trading yet. Actually I'm feeling good not trading anything.

 

 

 

Haha...

  After the mistake is made, I start to think why I didn't book the profit yesterday.  What did I do wrong?  Then I think I will learn it next time,  But NOT.  :-)

 History repeats. LOL. I will do it again and again in the future.

  It is a stressful week.  I'm happy now that the mistake is not costly and I still have a winning month.  Now I don't want to watch the market at all, period.

 

Lesson to learn.

   Yeah... I just turned over 5 digit gain from yesterday to $-918.  All cash now.   hmmmm.  don't be greedy. That is so true.



  Anyway, it could have be a winning week and turned to be a losing week.  I still made money in Sep,  I guess it is better than nothing.

  I'm done for the month.

Tomorrow up?

I hope so and I'm holding long positions for one or two more days!

Next Week!

A good habit. :-)

 That is what I have been doing for years on Saturday morning. :-) I will spend some time to review my trade and the market condition.  I did pretty good with the emotion control this week and I was able to hold NQ futures from 4014 to 4100.  I think the trick is totally ignore the noise.  (YES, but it is not an easy thing to do. For instance we had the Fed meeting announcement on Wednesday this week. Check the chart then you will know what I mean! )


I will continue working on the emotion control by exercising at the GYM and focusing on my daily work and cooking good food and so on. I'm happy to see the positive return from my effort.


By the way, history does repeat itself in the market.  Give you some hint: Why did we see gap up yesterday and then the maket closed flat and NDX negative (-13)?


Ok, I will repeat what I did before until it doesn't work anymore. :-)

The goal for the September is reached.

I think I can relax a bit for the remaining days of September. It is the best week for September.




When I don't make money, I don't want to lose money.  That is my rule.




Have a nice weekend.

Another winning week?

I think so.  I have no plan to trade tomorrow.

The trick to be successful in the stock market

   There is only one trick... LOL. Control your emotion!  I keep on emphasizing how important it is since I truly benefit a lot from it!

   Remember Monday? selling off in the tech stocks dragged down Nasdaq 48 pts?  Guess what? I bought NQ futures and hold them until today.  Here is the proof.

Next week!

Index	Started Week	Ended Week	Change	% Change	YTD %
DJIA	17137.36	16987.51	-149.85	-0.9	2.5
Nasdaq	4582.90	4567.60	-15.30	-0.3	9.4
S&P 500	2007.71	1985.54	-22.17	-1.1	7.4
Russell 2000	1170.13	1160.61	-9.52	-0.8	-0.3

Another winning week. (update)

I gave some gain back today. But it is a still pretty good week considering the market is down for the week. I will update the P&L once the broker provides me one.

Here you go.  I'm not posting any P&L anymore in the future. Good luck to you all.

Let's review.

Maybe I should borrow Jim Cramer's phrase: "stop trading!". :-)

 Let  money work for you. It will be another winning week for me tomorrow.

HAHA!! It is so funny!

LOL,

I deleted the post of my P&L today.  I know for a fact that is a warning sign if I start to post how much money I've made.
 

Next Week!

The good the bad and the ugly

Knowing myself is very critical for the success in trading.

Here is the good part:


1. I'm very good at the bottom fishing. When people are really panic, I start to build my positions. I'm getting better at this each time.

2. I'm very good at the dull market in general. Check the daily chart, the market didn't go anywhere for the last week, It is especially true for NDX for the last two or three weeks.

 3. Relatively good risk control.

Here is the bad part:

 1. I'm very emotional. I get very frustrated if I do the day trading and the market doesn't move at all. It affects my mood.

 2. I'm very bad at dealing with the market drops during the day. Here is the example: check the chart on 9/4/14. Some people are very good at this. I know I'm not good so that I didn't watch the market in the last hour and went to  have a long lunch.

 3. I'm not very humble. I brag and show off my trades on the forums. The market just knows to how to slam at my face at the right time. :-)

Here is the ugly part:

  It still is related to the emotion.  I'm a woman. you know. Sometimes I'm just out of blue and do the stupid things and I regret the action afterwards. It happened 2 times this year.  If it never happens again, I would consider that I really improve.





 
   

CNBC Live

  I woke up really early yesterday and wondered what I should do my positions with the monthly Employment report news. They made it such a big deal and let my emotion running high. Actually I just needed to know the number.

  Oh, well. I did a little hedge after the market opened.  It worked well.  I'm doing the same thing next week and the week after the next week until it doesn't work anymore. Trading is not supposed to be exciting. It is a boring job. People try to make a lot of money in the market. I only want to get a little on a regular basis. If I'm not able to make money,  I want to keep the money I have.

 I left quite a few chips on the table since I didn't want to take the extra risk. I did the same thing last Friday.

9/5/14 Weekly summary update

Index	Started Week	Ended Week	Change	% Change	YTD %
DJIA	17098.45	17137.36	38.91	0.2	3.4
Nasdaq	4580.27	4582.90	2.63	0.1	9.7
S&P 500	2003.37	2007.71	4.34	0.2	8.6
Russell 2000	1174.35	1170.13	-4.22	-0.4	0.6

Haha..... The market.

  There is no pull back in the market.  What are you going to do? People stay sidelines. But staying sidelines won't make money!

   The range was small today. But I was able to trade some with profit. Am I going to have another winning week?  I think so as long as Vix is between 12 and 13. I prefer the market pulls back a little, but if it doesn't, I'm okay with it.

 

 

Commission is way too high.

I need to trade less. 

Next week!