AENY Trade

This week I made about $35 after commissions. I only did one trade this week. I was long AENY for about 20 minutes. I got in at 2.90 and out at 3.00. The expectation was for it to get to 3.60, but I never saw it go there. Just too speculative, I would rather lock in my profit at $.10 per share. I was only long 500 shares. There was way too much resistance to push it higher than $3.00. Easy enough, free easy money. I can't complain!

The stupid day trading rule set by the SEC means that in any 5 day period I cannot do more than 3 trades where I am in and out on the same day. It makes things difficult, and the only way to get around this rule is by having $25,000 in your account. Hurts the small guys like us.

New Job and Trading Profits!

I left my job at yale to join Subway Headquarters. Now instead of playing with all the gadgets I can get my hands on I tick away a spreadsheet all day in my cubicle, but I do get free lunch! It's not quite as cool or exciting as I thought it would be. I started monday. I do the budgets for the international subway regional administrations(I think). I take a number that was given to me, divide it by 12, and enter it into the proper account. That's about it. For 8 hours a day. Not much to it. I don't have the internet anymore either. I miss it sometimes, but I am learning to cope. The Cubicle does need to be decorated.

I have become quite the master at excel. I almost never use the mouse anymore. The keyboard shortcuts make doing repetitive tasks very easy. I have barely even scraped the surface of what excel has to offer sadly.

My ThinkorSwim.com Account was finally funded. Took a long time because I was stupid and used the wrong routing number. I made the first trade today whilst at work using the amazing iphone app. I put in a buy at market order for VRMLQ@22.00. I hesitated for a couple of minutes. I could have had it for 21.70 or so. I had anxiety the whole time I was in the market. I was waiting for this stock to break out passed 22 but it never really happened. There was a lot of resistance so I decided to pull the plug. I am new to ThinkorSwim, and the Iphone app was a bit confusing to me. I kept entering my Sell order as a MOC or Market on Close order meaning an order to buy or sell stock or options at the end of the trading session at a price within the closing range of prices. MOC orders must be placed 45 minutes before the close of trading. I tried to sell at 1pm and I could not get the order to go through untill 2:42pm @22.30. So while I didn't get the price I wanted (23.50) I still made a profit even after commission, albeit only 4.97, thanks to SEC commission fees! Oh well, lesson learned and it didn't cost me a dime!