Friday's Mess

LEH (9:43:24)
Entry price: long 59.72
Expected gain: 28 cents; to the whole dollar at 60
Expected stop loss out: .12
Actual stop loss/gain: loss 22 cents @ 59.5 (9:43:43)
Reason in: futures inching toward new high after a small pull back, thought it could be a full rally mode

MO (9:46:12)
Entry price: long 67.82
Expected gain: 30 to 60 cents
Expected stop loss out: I don't remember exactly where I see the big bids at on the open book, but I think I gave it somewhere between 7 to 12 cents
Actual stop loss/gain: loss 25 cents @ 67.57 (9:47:15)
Reason in: after a sharp drop on low volume I believed it would go back up to its highs or at least somewhere between 1/3 to 1/2

BAC (10:06:21)
Entry price: long 51.32
Expected gain: 30-40 cents
Expected stop loss out: somewhere around 10 cents
Actual stop loss/gain: gain 14 cents @ 51.46 (10:10:01); I set a sell higher stop at 51.68 if I remember correctly, Billy said it triggered my sell lower stop on a bad print
Reason in: sharp drop at relatively low volume, thinking that people are taking profit from the early rally and the stock would go bounce back at least 1/3 to 1/2 from the low, possibly even make new highs, although I was chasing it a little bit here.

KSS (10:35:25)
Entry price: short 59.2
Expected gain: 20 cents to the whole dollar at 59, optimistically at 58.80
Expected stop loss out: 7 cents
Actual stop loss/gain: loss 11 cents @ 59.31 (10:35:56)
Reason in: Futures were at new lows, many other retailers are trending downward as well, felt after a bounce back this would be a good entry point

MO (10:43:17)
Entry price: short 67.04
Expected gain: 24 cents to 66.80
Expected stop loss out: 6 to 9 cents; I remember eyeing my outs at around 67.10 and 67.15
Actual stop loss/gain: loss 24 cents @ 67.28 (10:45:56)
Reason in: (need to look at BB Flashback) I thought I saw a lot of offers on the open book and it'll fall through the whole dollar with futures setting new lows still. In retrospect this really was a terrible trade near the whole dollar. I chased it and either someone just put in a huge bid at, if I remember correctly, 66.98 after I am in the position or I didn't see it before I get in and I hesitated when it hit my stop loss and exacerbated the loss.

XOM (10:50:20)
Entry price: short 82.61
Expected gain: ??
Expected stop loss out: Don't remember exactly at all, but I do try to keep it to 7 to 10 cents
Actual stop loss/gain: loss 13 cents @ 62.74 (10:51:17)
Reason in: Saw all the oil stocks and OIH falling and decided to short. I think at this point I was pretty frazzled and wasn't thinking clearly

HOT (11:05:02)
Entry price: long 54.61
Expected gain: 40 cents or 60 cents to the previous two levels of consolidation
Expected stop loss out: around 10 cents
Actual stop loss/gain: loss 31 cents @ 54.3 (11:08:07)
Reason in: Futures bounced back nicely, looked like the stock would pull back with it, thought it's time to switch back into rally mode

BID (11:16:09)
Entry price: short 37.59
Expected gain: 60 cents, to the whole dollar, somewhere halfway between the day's low and bounce back
Expected stop loss out: I think I was willing to take on a little more risk on this one about 12, 15 cents
Actual stop loss/gain: loss 27 cents @ 37.86 (11:17:49)
Reason in: Saw the previous volume was significantly higher and a fore coming reversal. Looking back maybe should've been more patience and pull the trigger and short it near the 38.10 level