This was a practice trade I put on at the close of day Thurs. I had a sense that the RIG bounce was basically over, given the fact that the spill in the gulf continues. Dangerous, I know, to hold overnight in a stock with so much headline risk. I would not do this with real money. This is all about practice and developing a feel for markets. While my ultimate goal is to be a day-trader, Mrs. Bluecollar and I have longer-term money in the markets as part of our retirement plans. I favor a broad knowledge base of economics and markets, though it is specialization where one's bread is buttered.
-I could not watch the trade in the morning, spending much of the time at Home Depot. I've been there so much, I fear they will start charging me rent.
-I closed the trade at an S/R area after I got back, then went to work installing lights and bathroom cabinets. In hindsight, as is so often the case with my practice-trades, I exited too soon. No worries, though. I was content that my trade closed for a gain, modest though it was.
-This is more about "how well" than it is about "how much."
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