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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?


To: kodiak_bull who wrote (22624)12/17/2004 10:23:04 AM
From: bull_derrick  Read Replies (2) | Respond to of 23153
 
Kodiak, I probably left a bunch of money on the table but I'm always a nervous short, partly because I trade that way so little. Yesterday TOL backed up on me. I sold 1000 shares short at 64.99 and then another 500 shares short at 65.99. Logic told me to go more short and sell into the price recovery yesterday afternoon even though emotionally I didn't feel great about it.

I decided to cover just a few minutes ago. I took a 1K profit on the trade, which was good enough for a one day trade. I still expect TOL to test its 50 ma at some point, which meant I left a lot of money on the table if that's true. A sure profit seemed to be good reinforcement for me today, though.