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"My problem with that is what if shit goes haywire early on (which it usually does). I have many times averaged into a position just like you near...
Got ya, i usually try to give stocks a decent amt of rope early on until the trading starts to get a little more efficient, then i might set my...
What I do after i'm in a position is wait for it to approach a profit target or wait for the tape to tell me i'm wrong, not ask myself over and...
target is 22
still been adding to the orcl all the way down, now at 117 shrs avg cost of about 21.55, will try to hold all day as long as mkt is supportive
added one last time orcl, now really full at 85k shrs at 21.57 avg. I shorted 4k of the snda and the tape quickly told me i was wrong so covering...
paid up for more orcl, now full on the position w/53k shrs at avg 21.56
filled 21k orcl at 21.41, bidding more there and lower but will cancel those orders soon
Ok, im definately buying the ORCL, would like to get it near 21, but will pay up a bit if necessary. Also looking to short some SNDA.
Im a little short on ideas this morning. I can buy orcl just above 21 and i can buy a lot if it were to get to 20.50ish.
Hmmm either that or keep doing what's worked for 7 yrs. I'll think about it Ps my last response got garbled in the quote so I'm reposting....
Confession: every nickle i have, i made trading.
Confession: in 2003, i funded my trading account with $30k. It sure would have been nice if a "long term asset allocation model" was an option...
That sounds more like bragging than confessing :)
I just paid 33.12 to cover the remaining ADBE. Daily PnL positive 38k, which includes a 7k loss from closing out my ebay options from yday. A good...
I covered the DE at a slight loss and got a partial fill covering adbe (20k shrs) at 33.01. leaving my 33.01 limit in or remaining shrs adbe
sold the vrsn for a 23 cent profit, about what i had hoped for on that one and pressed the adbe up to 52k shrs
closed the amzn for a $1 gain to take a profit and pressed the adbe up to 33k shrs
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