Stock Traders Blog

It is a wild ride today if you watched Bank of America’s stock price. It was down to $10.57 not long after market opening. Then it went up to $11.17. It went down again to $10.88. Half an hour later it went up to $11.10 and then went down again to $10.93. It was closed at its highest today at $11.30.

I did three trades today. The first was at pre-market. I bought 500 shares of BAC at $10.69 sold it ten minutes later at $10.92. I bought 500 shares of BAC again after opening at $10.65 and sold it again ten minutes later at $10.80. After that I spot PULTE HOMES, INC.(PHM). I bought 500 shares of PHM at $8.48 and sold it ten minutes later at $8.60. I made multiple small trades and made small gains today.

The market indexes also fluctuated between lost and gain multiple times. I made the trades early in the trading day and remained on the sideline watching most of the day. The thing I didn’t expect was both BAC and the indexes were closing higher than yesterday. Frankly none of the data released yesterday and today were good.

I felt good because I made some gain today. I felt not so good because the DOW was up 1.2% and my account was up less then 1%. I am glad that I remained calm and abided by my guidelines today. Many times I wanted to enter into BAC and PHM at a higher price but I didn’t because I have thought about the probability of a better entry point. I wanted to take the short side to do more trades when I saw the DOW was up 80 points toward closing and my gain was only $250. I didn’t because I should be happy if my gain was over $150.

The market went though a wild day but my mind didn’t

Account Balance Change: +$250.53

Related posts:

1. Trader’s Mind is Full of Dilemma – My Thought Gone Wild With Bank of America
2. I Have Got to Treasure Selling Opportunity
3. Earning Potential is Ultimate Driving Force of Stock Price
4. Too Much Selling Pressure on Bank of America
5. No one Understand Bank of America’s Book and I Hold Shorted Position For The second Day