>I do not mean to ruin the christmas party, but I find this statement shocking. You let the stock run against you 7 points during those ten days.<
Ozzy,
Well you might not have meant to.... Seriously though, give me a break and let me be a bit happy that I had a good day. I've had plenty of bad ones -- and I've analyzed all of them ~ the good, the bad and the really bad.
I've been position trading AWRE for several months so I felt comfortable keeping the stock. The position was a percentage of my portfolio and left money to trade with however, knowing I had the stock stopped me and forced me to do nothing and watch the market, watch level II, read my books, surf the sites and try to learn more. As my post also said, I was cognizant of the ridiculousness of holding a stock for that long with that much downdraft to it if the point was to daytrade it. I'm trying to learn to daytrade AND I'm not suggesting that I know a heck of a lot yet. BUT I was happy with today. No big Christmas party, but I did give myself an atta girl.
I AM focusing on risk management, and learning how to ensure against losses. As you might have seen I sold one round at the same price I bought it.
I do appreciate your input and the link. Cloudless, as in Sunny San Diego |
