My Trades on 3, 4 April 2008

Trades on 3 April 2008

Trades	Number of Shares	Position	Gross P&L/share	Gross P&L
Dis	200	Short	0.0	0.0
GPS	200	Short	0.04	7
HD	300	Short	-0.11	-33
MAR	100	Short	-0.21	-21
MU	500	Short	-0.13	-65
S	300	Short	-0.07	-21
STX	300	Long	-0.17	-52
Total	1900			-185

Trades on 4 April 2008

Trades	Number of Shares	Position	Gross P&L/share	Gross P&L
CVC	100	Short	0.14	14
GPS	200	Short	-0.02	-4
JEF	300	Short	0.06	19
TXN	400	Short	0.15	60
Total	1000			89

1. My best trade on 4 April 2008 was TXN. It looked weak when the market opened. I shorted 200 shares at 29.72 when it came down below the 144 Exponential Moving Average and when MACD showed bearish trend. I sized in another 200 shares when the trend confirmed by MACD at 29.58. I put a limit buy at 29.50 to take profit before the trend changed.

2. Another good trade JEF. JEF has been killed from previous day close at 17.12 to the low of the day at 16.23. It bounded back to near 144 at about 1 pm and it never broke though 144 to climb higher. I took the opportunity to short JEF and put a stop a little bit about previous open at 16.91. JEF has tested at the 144 a few times but never broke through. I sized in more when I saw the MACD confirmed the bearish trend and when it broke though the previous low. However, the exit was a bit premature as it bounded at the Bollinger band.

Summary
This week has been the worst week ever for me. I was very careless on 3 April 2008 and It was a choppy market and every trade that I got into was against me. I have traded very carefully on 4 April 2008 with lesser shares to slowly gain back my momentum and that was my only positive day at the first weeks of April 2008.

Week 1 of April 2008

Date	Number of Shares	Profit/ Loss
1	6900	-371
2	1400	-203
3	1900	-185
4	1000	89
Total	11200	-670

Overall, the first week as a full time trader, I am -670 and I am not happy with it. I will have to do more homework and be more careful on my trades and do not trade on crazy stocks. I have to be patient to wait for nice setup before getting into a trades.