a99kitten’s Musings

I blog about a WHOLE LOT of stuff :)

Have been swamped with a couple new clients plus tax time so hadn’t looked at my trading account quarterly P/L until this morning. I knew it would be bad, but ouch. I think was a good case for ignorance is bliss. Sigh… – 10% for the quarter. 10.3 to be exact.

This is my first losing quarter since the 1st quarter of 2012. Which I guess is good but ugh. The really dumb thing is up until mid-March, I was solidly up. I place blame at the feet of Janet Yellen! Of course, my insistence at continuing to play when the game changed was very dumb.

Looking at my trades from the quarter, I **really** owe Elon Musk a big hug as I made a lot trading TSLA. CEO crush confirmed :)

Tesla-logo

And my second biggest gains are tied – trading PLUG and precious metals (both silver and gold in various forms.) This further solidifies my Uncle Scrooge love as well ;)

Another hero :)

Another hero :)

Biggest loser? AMZN calls held through ER. Ugh. First time they let me down though so I guess that I can’t complain too much. 2nd biggest loser? AAPL. I made so much money trading AAPL calls in the past. It was so fun. The fun has sure been sucked out of that stock though. I am making myself a promise – NO MORE AAPL! I have my long term common paying me dividends (and that’s about all it does lately) but no more trading it. It’s a slug. And that’s insulting to slugs. Oh well. My fault. Tim Cook didn’t make me buy the options.

Had I listened to chessNwine (over at iBankCoin), I would have been less invested over this time period. But the gambler in me couldn’t help it. Luckily I never play too large in options since you can literally lose 100% pretty quickly (quickly when playing in the momo stocks anyway.) I know I’ll make it back. But I hate when I feel stupid. And there was more than 1 occasion (a lot more) when I KNEW I should sell something but the greedy devil inside me said “hold out for a little more”. And then POOF. Just like letting it all ride on black and the ball lands on red. Stupid. I get mad at myself when I do stupid things and KNOW I know better. Grrrr.

A Jedi uses the Force for knowledge and defense…so I WILL make it back and then some. But all I can think right now is I should be adding to gains, not making up losses. *shakesfist*

Just calculated my Q4 and year-end trading account returns. Not too bad. Overall I certainly did well but we were (are) in a spaztastic bull market so can’t take all that much credit for it. And I did not make my goal of a double due to some dumb trading errors so that’s a drag.

For Q4, I had a 10.7% return. Had it not been for November, probably would have been much better. This quarter my biggest wins were (big surprise) in momo stocks: $TWTR (seriously the gift that keeps on giving in December), $SCTY, $GOGO, $NFLX, $WYNN and $AMZN. But then also in $AAPL and $ISRG (went short on that which I never do so that was fun.) Also did well in Chinese solars stocks that should just be called roulette.

Biggest loser was hands down, no questions asked $NUGT. But since that should also be called roulette, what are you going to do. Since it was a huge winner in previous quarters, I won’t complain. Too much anyway ;) This thing really should be in my don’t ever, ever trade this again category. But I haven’t put it in that bucket yet.

For the year, I was up 39.5%. A good year for sure. I hope I can do as well next year. I’ve done decently on sticking to my “take profits” rule but did leave some money on the table in $TSLA. But I think I’ll get that back. Did OK on my “stop trading so many options” rule. BUT, besides 2 initial buys/sells on IPO day and some sitting in my long-term account, I’ve traded $TWTR only through options. And done very well. So that will likely keep me in the casino.

Still taking most ideas from inside the 12631 trading room. Followed @chessNwine in pretty much all of his longs. I don’t go short much though (other than his $ISRG which worked GREAT!) I followed more of RaginCajun’s quick strikes this quarter and ideas from other members that worked out quite well for the most part. Much smarter market people in there than me :) Plus I’ve gotten some great long term ideas from Chess that are working very well in my 401k.

So I’m ready for 2014 to be another good trading year. Who knows what the heck will happen in the market but I think being in 12631 gives me a definite advantage. I invest in my 401k. I trade in my trading account. I do not confuse the 2. I will still keep my trading account relatively small. I will still make my quarterly physical gold and silver purchases. I will not trade Bitcoin. And I will still keep most of my money in cash or private investments. Kitten is generally conservative and will keep it that way.

A fool and his money are lucky enough to get together in the first place. ~ Gordon Gekko

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.

End of the quarter….how the heck are we 1/4 of the way through 2013 already???

I just did a quick calculation and for Q1 2013 I am up +14% in my trading account. I say not too shabby at all. Now keep in mind my trading account is small as I consider it more of my “gambling” account. Not like I’m making 14% off of a $100mm account. That would be cool though :) It’s also been during a crazy bull market run so who knows where that goes. Although I am more concerned about my conservative buy and hold 401k in that scenario.

My biggest win for the quarter was my decision to buy LNKD before earnings. Second biggest win was buying some NFLX options as it was on its first tear after it reported earnings. I *wish* I bought them before earnings!! Also did very well with RIMM (pre BBRY), RDN, UA, DNKN and FB.

Biggest loser *by far* was CALL. But I’ve learned my lesson there. Other losers were MOS, CRUS and WFM (lesson to NOT play ER.)

Besides my few gut calls or lucky ER plays, I am still basically following trades in the 12631 trading room made by chessNwine and a few by RaginCajun. I have way, way more winners than losers by doing this. As I said at the end of 2012, I will keep this successful action up.

I still have been a giant pile of fail in learning more about technical trading. Really is voodoo to me :) But I am pretty good at listening to my gut. And finding smart people to follow who practice this form of voodoo :) The trading room at iBC is full of them.

April 15th is my 1-year anniversary of leaving my “regular” job to work from home part-time while spending more time trading (best decision EVER.) I forget my actual 1 year anniversary date with iBC and 12631 but it’s right around the 15th. But you can be sure I will be renewing.

Yesterday I went over my trading account portfolio for the year. Up 21% for 2012. I’ll take that. I also put some long-term ideas into my 401k that Chess had profiled in his blog posts but I did not count those in the 21% (if I did, I would be up more as they are up nicely as well :) )

I left my full-time job in April (YAY! I liked you guys but YAY!!!) and have been working from home on a part-time basis since then. So after I left work, I also signed up for a premium trading service (had never done that before.) I had been following chessNwine and TheFly on twitter since mid-2011 but with my work schedule I didn’t have a lot of extra time to devote to trading other than my “gut” feelings (which is how I typically trade AND gamble :).) But I knew that once I left my job, and could devote some more time to trading, I wanted to try out their premium service(s).

I keep a chunk of my money in more conservative investments. And physical gold/silver in my quest to become Scrooge McDuck. And Star Wars collectibles (doh!) But I wanted to use my trading account as a learning tool. Also, my shopping fund. So I signed up in April 2012 and while I still don’t spend enough time on it (I need to do MOAR studying!), I have done pretty OK following on trades discussed in the 12631 trading room.

I’m usually pretty quiet in the trading room and don’t post much. LURKER! But it’s a pretty great group of guys (I say guys because I don’t see many names that indicate there are other girls but maybe they are quiet like me) and I am VERY glad that I signed up.

I typically just follow on Chess’ trades but also some of RaginCajun and The Fly’s. And also a few based on other traders in the room mentioning them or me finding them. But mostly – follower. I hope to be more of a contributor to the room this year but will still follow on the trades because #1 Rule: Don’t change successful actions!

So a big thank you to Chess, RC and The Fly for creating fantastic content, great products and a fun, interactive place for traders. Oh yeah…and profitable trades :)

Go here if you want join in the fun: http://ibankcoin.com/