"A man is not finished when he is defeated. He is finished when he quits."

Wednesday, November 10, 2010

November 9th


I had some time before noon to paper-trade. I was drawn in by CMG with its big daily volatility. This is a bear to try to trade, with spreads sometimes as large as 45 cents. I mostly worked with one-half positions (500 shares) for that reason. I suppose I'm learning something from working with this stock, but it was not my ideal situation, that's for sure. I like more liquidity and a smaller spread. Despite the allure of big money-moves, I'm eliminating this one from my watch list. I'd rather trade the smaller moves in TNA, etc.