The adventures of a new Trader

Today was a good day, other than my position in DNA that was slightly disappointing. VLO was trading lower pre-market, about .35 cents, and I read the article about a problem at VLO's refining plant, and rising oil inventories, so I sold at the open.

1/23/07

Short 140 DNA @ 88.99

Stops: Buy to cover at 89.70 (.71 )
PT: 86.20 (2.79)

1/24/07

Cover 140 DNA @ 88.18

profit 99.40 after coms

review:

I used stops :) . Once I noticed that DNA had gone up .40, I cancled the stop, and sold. DNA continued to rise another .31 cents.


-----

1/23/07

bought 100 VLO @ 52.53

1/24/07

sold 100 VLO @ 52.70

profit: 3.00

review:

Looking back now, I should have held onto this, but I feel like I did the right thing at the time. When in dout, get out. Oil stocks are tricky to trade.

------

1/22/07

bought 80 ISRG @ 96.30

1/24/07

sold 80 ISRG @ 97.80 (2 day hold)

profit: 106.00

review:

Simple..I didn't like how the 15 min charts looked when I checked them this morning. I should have sold yesterday.
 
Bought aapl this am at 87.44, I put stops at 86.00. PT is 90.10

risk (1.44)
reward(2.66)

In case I try and cheat myself, you readers can get on my case :p

I'll post more details after the trade is complete.

cm69
 
It was doing GREAT this morning, then it all went to shit. Now I'm an inch away from getting stopped out. I want to cancel my stop...but I wont. :mad:
 
I'm giving the stock more room than that but my target is a little higher than yours.. My stop is at 84.92 and my target is 92. The stock is ready to make a move. We have had declining volume 6 days in a row now.
 
You must log in or register to reply here.
Back
Top