a99kitten’s Musings

I blog about a WHOLE LOT of stuff :)

2nd quarter is in the books. It’s crazy to think the year is halfway over. Zoinks. 180 days until Christmas!!

I just did a quick calculation and for Q2 2013 I am up +13% in my trading account. I say once again not too shabby at all. Sadly, I would have been up more if we ended the quarter at the end of May but that’s my fault. Ugh. But again keeping in mind that my trading account is small as I consider it more of my gambling/learning/shopping account. And through May we have had a great bull run.

My biggest win by far for the quarter was trading TSLA. Sadly I wanted to buy and hold in my 401k as well as trade it but never did. When it was in the low 30s! Doh. Oh well. I day traded it with everyone else so it’s not like I was genius. Sure was as a fun run though :) I’m still holding a 1/4 position. Second biggest win was definitely in solar. Mostly SCTY calls before earnings, but then trading in and out of FSLR and SCTY. Again…sadly though…I am still holding 1/2 positions from higher prices in both so they might be my sad face positions next quarter. Also did very well with NUGT and DUST. Consolation trades for my physical gold. But that’s a long term holding and like Uncle Scrooge, I will just keep hoarding! ;) I know most people hate gold. Maybe that’s the reason I like it.

scrooge-mcduck

Ironically my biggest loser was DUST. Sold my last bit of it for a loss right before it skyrocketed. Dope. But I’ve learned my lesson there. Other big losers were all option ER plays. While I’ve apparently not learned some lessons, I have learned to limit downside risk if deciding to gamble on ER.

Like the 1st Q, besides my TSLA and ER trades, I am still basically following trades in the 12631 trading room made by chessNwine and RaginCajun and a few other ideas thrown out by other traders in the room. I have way, way more winners than losers by doing this.

But my biggest mistake, that I KEEP making and ***really*** need to deprogram myself of, is the feeling that I will miss a run so don’t sell when I have a winner. Then some stupid headline comes out or some bad economic data point and the market tanks taking my wins with it. I am really, really, really, not being very disciplined and I think I would cry if I looked at what I *could* have made but let go due to greed/stupidity/whatever. Now, true, sometimes I do get the wins and they do run further but I am determined to make myself learn this lesson. I keep a spreadsheet of all my trades and mark the ones that I feel were failed whether they turn to losses, flat or even still positive but not as much as they were. I label them *stupid*.

My gut ends up being right a lot, but I don’t listen to it enough. Sigh.

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