Wednesday May 2nd 2007.
-$33
Third day of trading. Seems like I might be getting this tape reading thing. I was going over my till today and noticed an interesting fact. My best trade was the one that I put on during lunch time and walked away from my computer.
I bought WTR and got put in the money immediately as it went in my favor. I put a stop limit on it and we walked out of the office for lunch. I came back from lunch to see that it tested the lows around my stop and came back for a $.25 gain.
I know myself and if I was sitting in front of my screen when it tested the lows around my stop I would of most likely sold. Good thing the stop didn't hit.
So my goal for tomorrow is to not rush into any positions and stick with my decisions once I make them and not switch out after a 10-15 cent correction.
1 comment:
im not saying walking away from lunch is the way to do it. but definately when you see something you like at a certain spot, you should get in and let the stock do whatever it wants to, as long as you are in the money you are fine.
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