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

Sunday, February 21, 2010

Simplicity...

No trading last Friday.
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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

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