No trading last Friday.
-
-
-
Remember the five simple rules to be happy:
Free your heart from hatred - Forgive.
Free your mind from worries - Most never happen.
Live simply and appreciate what you have.
Give more. Expect less
Documenting the Journey From Bluecollar Guy Doing a Bluecollar Job to Trading the Markets for a Living
"A man is not finished when he is defeated. He is finished when he quits."
Sunday, February 21, 2010
Thursday, February 18, 2010
Slightly Different... resolution

Not the big drop I thought was going to happen, but there was an opportunity to make a paper-gain of up to $400 at 3:25 pm yesterday. I was busy with some work on my apartment construction. It really took off this morning so I averaged to keep up with price until I felt momo had stalled. I cashed out the gains during the 10:25-11:20 am pullback.
I still think GILD will have a bigger pullback off this run-up. But who knows when? It has been upward trending since 10:30 am Tuesday.
Day job got in the way of any continued market time today. I was off the computer by 11:30 am.
Wednesday, February 17, 2010
Slightly different timeframe...

I saw the chart of GILD and thought that it had made a day and a half run-up without much profit-taking. Basically since 10:30 am yesterday morning it has been running up based on a press-release that its HIV drug has been successful mid-stage. That's good news, for the stock and for the patients, but some profit should be taken off the move, I'd say. I took a double position short and right now I'm getting my head handed to me in the short-term... down $300. But, I have a slightly different timeframe on this paper-trade. More than my normal few minutes! Right now, I'm about to see if it will double-top or bust through to HOD. I'm curious if my instincts were correct for a swing-trade here.
It took a while to get this typed and uploaded... the stock did hit HOD but is hanging there, down roughly $350 to $400. I can't sit here and watch it because I must attend to a construction issue here at the home. If it drops, I will just assume I would have taken profits. If it surges, I'll assume I got crushed in the short-term and will hold to see what happens longer term
Subscribe to:
Posts (Atom)