Thursday, May 14, 2009
alv,gil,urs
well, i was watching alv and urs. alv went right through the high and i was alerted immediately. unfortunately, i was memorized by urs as it collapsed straight through its 50%. if i really knew what i was doing, i would have bought the alv and shorted the urs. but i did neither. i am taking it slow and today it affected my profits. no big deal though, i am learning. also, i had my eye on gil but did nothing because it seemed to move very fast. i was looking to get long as it broke highs around 10:50. again, i didn't pull the trigger, which i should have and it ripped almost a dollar. later on i bought it as it retraced back to breakout point of 13.50. i tried buying some at 13.40 but got filled at 13.48 due to bad timing on my part. the 10:45 bar had a .28 low. i had a mental stop at .27 but probably should have put it below the .25 maybe around .23. i like to put my stops at strange numbers a few cents away from a key spot such as .25 .50 or whole dollar. i like to put sell stops @ .23 and buy stops at .27 for example. low and behold, i got stopped out at .25 and lost a few bucks. just tuition money.
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