well, let me say this: I bought FAZ this week and paniced when the market opened down big.
I bought in @ 38.82 on 12/09 I was looking at the 36 area. Not wanting to lose out on a good trade, I bought it at 38.81. Then the markets recovered, as we all know and I was under water. So, I bought a little more at 36.21, bring the average price to 38.22
Anyhow, I sold it all late Thursday, 12/11, at 48.15
So the profit was, what, 26%...?
I'm looking for double digit gains. I watch a few indicators, rsi, sto, and whatnot, that I believe will get me in and out at profitable levels. I also take into consideration, gaps, fibs, EW, and general market conditions and sentiment as well.
Works for me.... :~) |
