Tuesday, January 11, 2011

Best and worst trades from Tuesday, January 11th

I made a number of trades today. ASTI ASYS NCT ICLR(swing) RPRX ARIA ATSG CIE (swing) EEE.

Best trade: I use an emotional barometer on trades. I needed to decide when to sell the remaining portion of my EEE swing from a couple days ago. I decided that when I had a 90% profit, that it would hurt more to watch it go away than watch it keep going. So I sold it off in two parts with an average sell of 2.14 on my 1.09 entry. Course it went past 2.50 today, but I am fine with that, that is a whopper % gain, and I might have to wait quite a while for that to happen again.

Worst trade, where I gave back much of my EEE gain from today:

Here's what I am watching tomorrow along with the morning earnings/gap plays: VRX CPNO MNKD ATSG TRGL PWAV IBCP TFSL

2 comments:

  1. "...That it would hurt more to watch it go away than watch it keep going (up)."

    True dat, Em. Been there more times than I care to remember.

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  2. Yeah, that emotional barometer really helpful at times. It took me a while to figure it out, but now very useful. Also use it to get into trades, "Will it hurt more to watch it go than take it and take the loss?"

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