Mag's Newb Journal

Discussion in 'Journals' started by mag, Oct 6, 2006.

  1. mag


    I'm long in EMC at 12.08 and I was preparing to dump it today to avoid getting stopped out because it looked as if the lower job growth would be a catalyst for the market to finally take a break and an hour into trading the tech stocks seem to be moving up.

    I don't understand.

    Entered 12.08
    Stop 11.97
    Target 13.00
  2. mag


    I didn't sell, I decided to follow my original plan and wait to be stopped out or to reach my target.

    EMC made a pullback of about 35 cents last time SPX made a pullback. That shouldn't stop me out as long as it's not much more than that.
  3. mag


    Out at 12.52.

    Gonna find a new trade as SP pullsback