i really don't trade listed for the fact that the spec smooths out the volatility and has a control on order flow ..
"Selling here half at 42.50 " Atta way Karsat nice trade. I took Affx this morn. Entries: 38.8 39.25 39.5 and 39.99. It hung like a bad dog and i bailed it at 40 with a market order as it made new highs. It was a nervous hold. Prolly coulda exited .50 better in hindsight. Care to comment Sobe? -Raider
good trade mgm to bail when it doesn't feel right .. that one may have been one that didn't work too well .. the only chart i see this morning that set up very nicely is RSAS ... nice extension through the lower band ...3m bars getting long ..
Poor trading decision, karsat. When the stock hit 42.50 you had 1 full point profit. You should have sold all your shares at that point. At that point the stock had a 1.60 intraday trading range and you should not be expecting more range. But, then it pulled back to 42.00 and you did not sell the other half at that point. Question: did you think that the stock having pulled back to 42.00 would turn up again. The indices were still surging higher, but your stock was pulling back from its extended run. Your long entry was well timed with the broader market headed up.
data problems w/ realtick/tal this morning stayed in cash the rest of the day .. watching earnings tonight .. MSFT/OSTK/MSTR --m