Just as I had tweeted last night, I paid the price for jumping the gun and getting into $BBRY before waiting for confirmation by getting stopped out for a loss. That was only one of three losses I was forced to take today with $FIO and $EDU being the other two. In addition I took a flat in $TVL which has earnings on Thursday and hasn't really broken out like I was anticipating it would. So after today's trades, I now have 8 consecutive losing trades and one break even trade. My account is now down roughly 7% since inception in late April.
However, I'm not worried since I have some decent unrealized gains in $SB, $GST, $BONT, $MTG and a promising short position in $SSRI. Should these positions follow through like I anticipate they would; it won't be long before that 7% deficit is wiped out and my account is into profitable territory. I'm quite used to taking many small hits. As long as I stick to my trading plan and cut loses early I am happy as it only takes a handful of decent winners to recover.
So looking forward to tomorrow. Will post my watches later tonight.
Subscribe to:
Post Comments (Atom)
-
My experimental short position in GT has been closed out by my stop loss order for a loss of about $115.00 including commissions. However, I...
-
I am of the belief that the markets will move higher over the course of the next 4-6 weeks. However, beyond that I am not very confident in ...
-
I have narrowed down the stocks I want to own to two stocks: DECK and CMG. Need less to say, they both meet all the CANSLIM requirements. In...
No comments:
Post a Comment