traderhr

traderhr · Dec 9, 2003

12-09-03
11:52:02

BOUGHT ARO @ 29.22

D@yTrader · Dec 9, 2003

It would be nice from you if could add couple of sentences to your post with reason for executing the trade. I would like to know what's in your head and how you are thinking while trading, why you decided to buy particular stock and how did you decided when to enter into trade.

traderhr · Dec 9, 2003

12-09-03
14:29:19

SOLD ARO @ 29.23 => PROFIT => +0.01%

traderhr · Dec 9, 2003

Quote from D@yTrader:

It would be nice from you if could add couple of sentences to your post with reason for executing the trade. I would like to know what's in your head and how you are thinking while trading, why you decided to buy particular stock and how did you decided when to enter into trade.

0.MAKE SURE THERE IS A TREND REVERSAL
1.DON'T FIGHT THE TREND
2.LET YOUR PROFITS RUN
3.IF WRONG, CUT YOUR LOSSES - EARLY

D@yTrader · Dec 10, 2003

Quote from traderhr:

0.MAKE SURE THERE IS A TREND REVERSAL
1.DON'T FIGHT THE TREND
2.LET YOUR PROFITS RUN
3.IF WRONG, CUT YOUR LOSSES - EARLY

What was your indication that ARO change the trend and that was good opportunity to buy stock?

As per my observation, ARO is still in down cycle.

traderhr · Dec 10, 2003

Quote from D@yTrader:

What was your indication that ARO change the trend and that was good opportunity to buy stock?

ARO actually did not gave reversal indicator, that particular play was based on my anticipation that markets will react positively on results of FED meeting. Apparently, markets reaction was opposite, so I cleared my position (with no loss).

As you can see from my previous trades, most important thing is not to lose money.

When I enter the position, If things are not happenning in a way I anticipated, then I immediately close it.

As you can see
80% of my trades are positive, some are not big % gainers, but I am happy with cumulative result

D@yTrader · Dec 10, 2003

Quote from traderhr:

12-09-03
14:29:19

SOLD ARO @ 29.23 => PROFIT => +0.01%

How did you calculate profit of 0.01% ?

Did you include trade execution what you pay for to your broker + SEC commission?

traderhr · Dec 10, 2003

Quote from D@yTrader:

How did you calculate profit of 0.01% ?
Did you include trade execution what you pay for to your broker + SEC commission?

well, I just documented my play, in the end it was positive, and that is all that matters. It is better to earn $1 then to lose $100

D@yTrader · Dec 10, 2003

What was your target price and how you are calculating where to place protective stop order?

traderhr · Dec 11, 2003

12-11-03
10:57:26

BOUGHT ARO @ 29.15