I just got swept up in the natural gas craze and jumped in and bought
SWN at $35.25, which will probably turn out to be the high for the day.
I also thought about doing a smaller volume test buy, then waiting for a
follow up, but though, "nah, it's up 7% on the day, that's enough of a
signal." I better set my stop close on this one.
Monday, July 31, 2006
don't buy during the day
Friday, July 14, 2006
do the sure things first
I planned to put in an order to buy FUEL at open. 15 mins before open,
I'm reviewing some charts and trying to decide which short play I'm
going to do. As I'm entering my short, I notice it's 8:30, so I put in
my buy limit order for FUEL, but it's already passed my limit. So then
I upped my limit and got it like 1% higher than I would have just doing
a pre-market order. Not a big deal, but it was a stupid mistake.
Thursday, July 13, 2006
I think low volume counts
IBD is saying Wednesday didn't count as a distribution day because the
volume was low. Same thing they said earlier in the week. Their count
is 2 distribution days, but I say it's 4.
I have been scooping up CTRN after it's slide this week. Some at 34.85
and some at 31 today. Totally breaking all the rules, and it will
probably burn me, but it seemed like a good idea at the time.
Monday, July 10, 2006
I can't sit still
After we had a followthrough the week before last, I jumped in and
bought a bunch of long positions. This rally has floundered, IMO. I've
been getting shaken out of a few of them, and this morning will close
out a bunch more. 2 things I did wrong:
1. I should have waited for a better rally confirmation.
2. I bought too many stocks at one time.
If I was a true CANSLIM person, I would not be investing at all right
now (and I would still have the profits I made earlier this year). I
realize, however, that I like the excitement of trading. This is not
necessarily a good thing.
Wednesday, July 05, 2006
I'm back
Took 2 weeks off from vacation, and then not much was happening when I
got back. I finally started trading again last friday (well, okay, I
bought one stock on Thurs).
This rally is interesting and scary at the same time. Currently I am
taking a shotgun approach. My R value is still $100. I bought a bunch
of smaller stakes that I'm setting stops at %10 on. I've had a few that
I've been shaken out of the last few days.
Current holdings:
green-TIII, SIMC, SKIL, FSII, BMR, SEIC,
red-CTS, PBNY, FUR, FORR, FLAG