3.25.08 4.15 Settlement

Trade Date:
3/25/2008
	EST		Buy		Sell
Position	Time	Type	Price	Average	Price	Type	P/L
-3	9:30				1351.50	Close
-2	10:00	BE1	1344.25				$362.50
-3	1:34			1352.920	1356.75	SE3
-2	4:14	BE1	1351.25				$83.50
-2	4:15	close	1351.75				$117.00
							$563.00	4.17%

Summary:

Today's P/L is $563.00; for a a 4.17% gain.

We entered the day short (-3)

We bought 2 and sold 1.

We conclude the day short (-2)

Working Orders Into 4:15 Close

Position:	-3		1352.920	Close
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF1	1351.25
BF2	1343.25
BF3	1336.25

SE3 Filled

Filled	1356.75	SE3		June Emini
Position:	-3		1352.920	Close
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF1	1350.25

New Working Orders

Position:	-2		1351.500	Close
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF2	1342.25		1356.75	SE3

BE1 Filled

Filled	1344.25	BF1		June Emini
Position:	-2		1351.500	Close
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF2	1337.25		1357.75	SE3

Good Morning Emini / SP500

We enter the day short (-3). Working positions below.

Position:	-3		1351.500	Close
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF1	1344.25

3.24.08 4.15 Settlement

Trade Date:
3/24/2008
	EST		Buy		Sell
Position	Time	Type	Price	Average	Price	Type	P/L
-3	9:30				1325.00	Close
-3	4:15	close	1351.50				-$3,976.50
							-$3,976.50	-29.46%

Summary:

Today's P/L -$3976.50; for a 29.46% loss.

We entered the day short (-3). There were no trades.

We conclude the day short (-3).

New Working Orders into 4:15 Close

These are the working orders into the close. If they are not filled we will conclude the day short (-3).

Position:	-3		1325.000	Close
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF1	1344.25
BF2	1336.25
BF3	1329.25

New Working Orders

Position:	-3		1325.000	Close
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF1	1344.25

New Working Orders

Position:	-3		1325.000	Close
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF1	1342.25

New Working Orders

Position:	-3		1325.000	Close
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF1	1336.25

Good Morning Emini / SP500 FB2.0 Trade

We enter the day short (-3); Working Orders are below:

Position: -3 1325.000 Close

Working Orders:
Buy Sell
Type Price Price Type
BF1 1325.25

3.20.08 4.15 Settlement

Trade Date:
3/20/2008
	EST		Buy		Sell
Position	Time	Type	Price	Average	Price	Type	P/L
1		Close	1298.75
0	10:00				1307.75	SF1	$450.00
-1	10:58				1313.75	SE1
-2	2:01				1320.75	SE2
-3	3:24			1322.08	1331.75	SE3
-3	4.:15	Close	1325.00				-$438.00
					0.09%		$12.00

Summary:

Today's P/L is $12.00; for a 0.09% gain.

We entered the day long 1. We covered our long and sold an additional 3.

We conclude the day short (-3).

Working Orders into 4:15 Close

I have posted 3 buy orders into todays close: BF1,BF2, and BF3 (below). If these orders are not filled, we will conclude the day short (-3).

Position:	-3		1322.083	SA123
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF1	1319.25
BF2	1312.25
BF3	1305.25

SE3 Filled

Filled	1331.75	SE3		June Emini
Position:	-3		1322.08	SA123
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF1	1319.25

A Conversation with a Long-Term Investor Part 2

(Later at the gathering, I encounter my new Long-Term Trading friend again.)

Him: Hey Barlow, you really got me thinking when we spoke last.

Me: Look, I trade for a living and have been for 25 years. I don’t really want to talk about trading. What do you do for a living?

Him: I have a used car lot. I sell cars.

Me: Interesting. Do you buy and sell cars on time too… like your stock strategy?

Him: (felling silly and smiling) No, actually I don’t, and stop mocking me.

Me: Sorry, I really didn’t think you bought cars on Monday and sold them on Friday. I was teasing.

Him: Of course not. Twice a month, I go to the auction and pick up some cars that I think are undervalued and I leave them on my lot waiting for someone to pay even more than what they are worth.

Me: So, you buy low and sell high. You look for cars undervalued and sell overvalued. That is what I do when I trade stocks. So we are the same… we just trade different things, but employ the same strategy.

Him: Interesting, I never thought of it that way.

Me: I did.

Him: You put things differently than my broker does. Would you like to have lunch Monday? I enjoy talking with you. I’ll buy.

Me: I would love to. Maybe you can help me. My son is looking for a new-used car.

Him: Great! Monday it is. I will call you.

(Monday, I will post the conversation at lunch)

SE2 Filled

Filled	1320.75	SE2		June Emini
Position:	-2		1317.250	SA12
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF1	1308.25		1331.75	SE3

BF1 adjusted

Position:	-1
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF1	1300.25		1320.75	SE2

A Conversation with a Long-Term Investor Part 1

Here is the common conversation with a Long-term Investor:

Them: I am a long-term investor.

Me: Oh really. So you bought Stocks when you were 13 years old and you are going to sell them the day before you die?

Them: (smiling) No, not exactly. What I mean is, I buy stock in my 401K every paycheck and I don’t touch them or worry about them… I guess I will sell them when I retire someday.

Me: So, you want the market to crash shortly?

Them: Why do you say that? I want the market to go higher!

Me: Well… let me explain. The way to make money in stocks is to buy low and sell high. Now you don’t establish your buys on price; but on time. You buy every two weeks at pay time…and you sell at retirement. That is buying because of time – not price. So, what you want is the market to crash… accumulate stock then on every paycheck day at cheap prices.

Them: (standing there with a dumb face look and quiet).

Me: Something wrong?

Them: No, I just never thought of it that way.

Me: Well, you are a time investor. Strange trading strategy I must say. Excuse me, I must talk to someone… nice meeting you.

To be continued....

SE1 Filled

Filled	1313.75	SE1		June Emini
Position:	-1		1313.75
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF1	1298.25		1320.75	SE2