Still Long my 40 shares of HMY. Got shafted today. You'd think that it would attempt to at least move up to $14 before coming back to test the lower end of the range. http://quote.prophet.net//applets/j...6.print.gif&scope=common&host=www.prophet.net One day at a time.
Stopped out of hmy... this one really hurt, I took on more then 2% risk and paid the price. This one was at a profit, should have raised stop loss to breakeven. Got to get back on the horse. That HDTV isn't gonna earn itself. Currently long WIND from breakout at 3.25. Still stalking a swing short in SPY, when the time comes.
Still Long WIND, paying off nicely. 0.20 trailing stop in effect. Went long CC this morning on the consolidation breakout. Hope this one works out. Account at 2.19%, all time high is 2.72%.
starting to use investclub.com software to track my swingtrading... So lets start this up again, starting from jan 1, my "Personal mutual fund" starts at $10 per unit, currently at 10.17. I had a bad time in jan, but I have battled back. Acct value is now at about $2300, highest since I started.
Still in SCMR, MO and now RGLD. Acct value is at 2305, unit value 10.17. New high watermark. Strategy: 1. Identify Major trend. 2. Buy(sell) pullback from trend. 3. move stop to breakeven at 1x risk 4. sell 50% at 2x risk. 5. Let other 50% run.
Heck, why settle for just the TV? Get all kinds of stuff - you're gonna make enough money to pay for it trading, right? I'm sure the extra pressure of the bills coming due will help you focus, and keep you objective.
Pullback since friday hurt me. Put on a trade in MXO at 1% risk which stopped out. I am now keeping at 0.5% risk until I am 5%. Sold out of MO at >2x risk. Still in RGLD, and SCMR. KR is my stock, picked that up yesterday. Unit value is now $9.99, I blame the large loss in MXO for this.