Everyone did pretty well, how about Tony??
Don
Don
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Don's openings Part 4
- Thread starter Don Bright
- Start date
i added a new stock and took a beating in it. check out HI. obviously, i'm taking it right off. opened down, then 30k share + stepping down on the offer. obviously, someone entered a market short order prior to the open.
Sort of a draw today....
ADP for +.12
SAP for +.18
SLB for -.19
WSM for -.25
Gap down days with little follow thru are tough, got out of most of these in the nick of time.
ADP for +.12
SAP for +.18
SLB for -.19
WSM for -.25
Gap down days with little follow thru are tough, got out of most of these in the nick of time.
2 for 3 this morning, quick in and out for $480.
Don
Don
1 fill +.20
4 fills +.55 net.was touch and go for a while had to sit through .30 loss.
I, too, had to hold on a bit, watching the Spoos rebound a little. + 640 (32 cents).
I explained to my "boot camp" this morning that it is ok to take a small loss right after the opening when the market is going against you....and then dive right back in with another order. The opening is the opening....and many are afraid "to sell at the bottom" or buy "at the top" to cover a losing trade....well, if you think about this way, it may help: "Go ahead and take the loss if you think you will be able to get back in at a better price." That sounds simple, but it eases the fear of covering, as if it were a bad thing.
For example....I bought GS, sold it a small loss, and was able to feel good about buying it again down about 70 cents (nice rebound by the way). If I had simply waited for GS to come back up, I probably would have made much less this morning (BTW, I only post the opening and closing, the rest of the day's trading is seperate for this post).
Anyway, good luck everyone...
Don
I explained to my "boot camp" this morning that it is ok to take a small loss right after the opening when the market is going against you....and then dive right back in with another order. The opening is the opening....and many are afraid "to sell at the bottom" or buy "at the top" to cover a losing trade....well, if you think about this way, it may help: "Go ahead and take the loss if you think you will be able to get back in at a better price." That sounds simple, but it eases the fear of covering, as if it were a bad thing.
For example....I bought GS, sold it a small loss, and was able to feel good about buying it again down about 70 cents (nice rebound by the way). If I had simply waited for GS to come back up, I probably would have made much less this morning (BTW, I only post the opening and closing, the rest of the day's trading is seperate for this post).
Anyway, good luck everyone...
Don
1 fill, scratch. Was fortunate to cover commissions, as it rocketed against me shortly after I covered.