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

Thursday, April 19, 2012

Finally able to trade again





After taking Monday, Tuesday off from practice trading to focus on tax responsibilities as well as a personal day yesterday to spend with my sister, I am back at it today.


Here is my first trade entry and then exit. I decided to skip my rules of exit for the first half-hour today because of the high volatility. I exited at what I thought was a good spot. Nice gainer (+ 60 cents), but price kept going afterward. I could have had nearly double the winner had I stayed in. One really never knows with certainty where a stock will go...


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UPDATE: As I fix my typos on this post, the price is soaring. I could have had over twice my gain had I still been in as of this writing.