Thanks rickylc. So you usually do not take partial profits and willing to take a loss even in nice profit and you rather close all at EOD on the same day. Yeah, I meant Monday not Saturday. Inin shall look nice as a long. Good luck and hope you make plenty of $
No, not at all, I will take partial profits and do so regularly, this was a smallish position to begin with, so taking partial profits wouldn't have made a big difference. As I mentioned in my earlier post, this trade is a bit of an experiment so I started out with a small position. In my normal trading, if I should make 5% on a trade in one day, I will close the position @ EOD and see if it is worth re-entering in the morning. protecting profits already in the bag has been the name of the game for me up until now. This is a different approach I'm trying, trading off the FTT and building a position earlier, adding as the trade develops over several days. We'll see how it works. Thanks for your good wishes rick
Anyone else using the wealth-lab website (not WLD) notice that it hasnt updated with Jan. 23 info, even at 9am wednesday morning right now.
Yes, I noticed that too, even in to this morning it was not updated. However just tried it now and it has updated.
The ININ saga continues, this has to be one of the longer trades I've run But the planets may finally be lining up for ININ to take off. It is in Dry-up for the first time since December and a major broker started coverage this evening at a buy (Susquehanna). I usually could care less what analysts think, but if it gives ININ a pop out of DU, I'll be happy! rick
Wednesday 24 Jan 2007 was like shooting fish in a barrel. I had held GIGM and ANGN from the day before, i.e. Tuesday. GIGM was purchased following the rules. ANGN, while a member of my universe, was not on the watchlist yesterday, although I keep an eye on every universe member. I purchased ANGN as a result of watching price/volume activity on my entire universe. ANGN was up there on top so I investigated it. The daily is a thing of beauty. While the risk was larger than should be taken as it had already run up for a couple of days, when I saw it breaking highs within 30 minutes yesterday, I couldn't resist and decided to get in. More to write later on today's purchases. The two above have completely surpassed any expectations I may have had for the week for my portfolio's performance.
Thanks for bringing ANGN to my attention. Its average volume is less than 200K and has a low float but other than that it is a star performer: <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1338253> One to watch for sure.