6/13 - 6/26/07 long 60 GTRC @ 51.58 sold 60 @ 49.95 stop: 49.95 pt: 56.47 profit - 111.80 review: Bought at the right time, but momentum didn't hold up.
6/25 - 6/26/07 long 35 GRMN @ 73.45 sold 35 @ 71.21 stop: 71.21 pt: 77.93 profit - 74.40 review: Tried to make more as the stock climed over resistance at 71.90, but got taken out from a pullback. MFI is over bought and momentum is choppy..time to stay away for a while.
cash - I think it would be prudent for you to study some on candlestick analysis. I'm not saying use this as a trading system, but it might behoove you to understand what these candles may be trying to tell you. From your screenshots, I'm seeing some glaring reasons to either not initiate a long or exit a long position. My Amazon book suggestions: http://tinyurl.com/2dephd http://tinyurl.com/25sfr7 It may be useful to understand a little more of the bull vs bear fight going on in your charts with the help of candlesticks. Just a suggestion.
Thanks for including the chart ... dont have a computer set up atm so it helps me to see whats going on. tough trade here ... I probably would have done the same thing. Your support line seems accurate; I might have given it a couple ticks below your support line for some room (some wiggle room). But it may not of helped.
Nice one here ... when looking at this chart it almost looks like a perfect entry and exit. That first black candle that looks like a shooting star I would of been pretty concerned myself - but as we can see we didnt have follow through(why this is important with some candles). When you sold it looked to be a perfect time; I wold of probably waited for a close near the low and sold at the end of the day there. But since you had a good idea about resistance you scored an extra point over waiting for confirmation.
I have nison's book, but I'll take a look at the other. I'm lil short on cash now because I'm getting an apartment, but it got good reviews.
I actually thought about holding onto it, and now very glad i didn't..but LEH looks like it's coming into some strong support around 72.15