The adventures of a new Trader

Quote from cashmoney69:

in WAG 43.92 ... this is a long term hold ( 15 - 30 days )
More...

i was long the sob intraday ydtsy and begged tws to freeze on me [often happens at session end] so that i could hold my 800 shares overnite and take a chance for another couple%gains...same today with that freak of cogn but it feel apart at the close. sheesh...i am really in a bad shape innit.:D

hope u do well.
 
11/15/06

Bought 200 WIRE @ 24.60
stops at 22.90
PT at 27.00

12/8/06 (23 day hold)

Sold 200 WIRE @ 25.03

profit 72.00 after coms

review:

In 23 days I only made 72.00 :mad: . This stock has not performed the way I had expected it too and my patience has run out. If it ever rises past 26.25, I might get interested again.
 
Quote from cashmoney69:

In 23 days I only made 72.00 :mad: . This stock has not performed the way I had expected it too and my patience has run out. If it ever rises past 26.25, I might get interested again.
More...
Time-based exits protect you from unexpected down sides, let you focus on more profitable trades, and are a good way of telling you that things aren't going as you expected.

Good trade, cm.
 
12/5/06

Short 200 MEL @ 42.81
PT 41.30 (1.51)
Stop 43.23 (.45)

12/8/06 (3 day hold)

Cover 200 MEL @ 42.12

profit 124.00 after coms

review:

Covered for the same reason I got out of WIRE, just not enough movement for my taste, but I made an average of 41.33 in those three days, so its not that bad. I dont like having my money tied up when I find better trades like HANS.
 
Bought 200 TZOO @ 32.42, stops 31.85 / PT 33.48

TZOO has just risen above its down-ward trendline, giving me an obvious buy signal. All indicators look good as well.
 
12/11/06

Bought 200 TZOO @ 32.42

12/12/06

Sold 200 TZOO @ 31.84


Stops: 31.84
PT: 33.48
profit ( - 130.00 after coms)

review: Bought the day before a fed meeting..oops. I still like the stock though.
 
You might want to think about buying less shares and giving the stock more room. The stock has an average true range of slightly more than 1.40. Any stop less than the true range will be hit more often than not.
 
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