SOLD BA +8.92% PROFIT, PICKED UP…

I had to let go of BA today. I didn’t want to, but everything was pointing to a very overbought short term stock.

-Declining positive volume over the past couple days
-Resistance at around $86
-Stochastic as well as the RSI indicating very overbought
-Red candle today did it for me

I wanted to protect my profits. Too many times in the past have I seen myself give back my profits. I entered in (factoring in commission) at $78.44 and sold at 85.44. This gives me a 8.92% profit on that trade. Looking back I had my stop at around 76.5 and took a risk R of 1.58.

Selling this trade may come back and bite my in the butt because of Boeing’s strong fundamentals, but I think in the short run it was a decent trade to make. If it fall back to a certain level, I will consider entering it once again.

And out of superstition (based on some past experience), I am not going to talk about trades that I am in. I feel that it gets my emotions out of sync, which won’t allow me to trade with a clear mind. That being said, I leave it open that in the future I will discuss trades that I am in.

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SOLD BA +8.92% PROFIT, PICKED UP…

I had to let go of BA today. I didn’t want to, but everything was pointing to a very overbought short term stock.

-Declining positive volume over the past couple days
-Resistance at around $86
-Stochastic as well as the RSI indicating very overbought
-Red candle today did it for me

I wanted to protect my profits. Too many times in the past have I seen myself give back my profits. I entered in (factoring in commission) at $78.44 and sold at 85.44. This gives me a 8.92% profit on that trade. Looking back I had my stop at around 76.5 and took a risk R of 1.58.

Selling this trade may come back and bite my in the butt because of Boeing’s strong fundamentals, but I think in the short run it was a decent trade to make. If it fall back to a certain level, I will consider entering it once again.

And out of superstition (based on some past experience), I am not going to talk about trades that I am in. I feel that it gets my emotions out of sync, which won’t allow me to trade with a clear mind. That being said, I leave it open that in the future I will discuss trades that I am in.

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The Things Money Can’t Buy

Great article by “The Simple Dollar”

To me, there are three things we all should do every day. We should do this every day of our lives. Number one is laugh. You should laugh every day. Number two is think. You should spend some time in thought. And Number three is, you should have your emotions moved to tears, could be happiness or joy. But think about it. If you laugh, you think, and you cry, that’s a full day. That’s a heck of a day. You do that seven days a week, you’re going to have something special.

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The Things Money Can’t Buy

Great article by “The Simple Dollar”

To me, there are three things we all should do every day. We should do this every day of our lives. Number one is laugh. You should laugh every day. Number two is think. You should spend some time in thought. And Number three is, you should have your emotions moved to tears, could be happiness or joy. But think about it. If you laugh, you think, and you cry, that’s a full day. That’s a heck of a day. You do that seven days a week, you’re going to have something special.

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Optimal Hours to Work

For some reason, I work best during the day and late at night.

I am talking about 8:00am to Noon and then from 11:30pm to 2:30am. The hours in between Noon and 11:30pm, are the worst times for me to do any learning or studying. It doesn’t matter how much “will” I have during the afternoon, my brain won’t cooperate. I can sit there and look at the book, but the brain will not absorb it. I am beginning to think I have attention deficit disorder and should consider taking some medication. Maybe then I can buckle down and learn what I need to learn in shorter amounts of time.

Alternative? Take a nap, you say? For that to work, you’d have to assume that when I do wake up from the nap I won’t be even more lethargic. This could work, I’d just have to find a way to keep the sunlight and heat out of my room. I don’t know why, but just the midday environment makes my mind stray and wander all over the place. At night, when it’s dark, I feel like I can zero in on my task and complete them more readily and easily.

I know I am not alone. What is it about being able to get things done more easily at night?

Read Full Post »

Optimal Hours to Work

For some reason, I work best during the day and late at night.

I am talking about 8:00am to Noon and then from 11:30pm to 2:30am. The hours in between Noon and 11:30pm, are the worst times for me to do any learning or studying. It doesn’t matter how much “will” I have during the afternoon, my brain won’t cooperate. I can sit there and look at the book, but the brain will not absorb it. I am beginning to think I have attention deficit disorder and should consider taking some medication. Maybe then I can buckle down and learn what I need to learn in shorter amounts of time.

Alternative? Take a nap, you say? For that to work, you’d have to assume that when I do wake up from the nap I won’t be even more lethargic. This could work, I’d just have to find a way to keep the sunlight and heat out of my room. I don’t know why, but just the midday environment makes my mind stray and wander all over the place. At night, when it’s dark, I feel like I can zero in on my task and complete them more readily and easily.

I know I am not alone. What is it about being able to get things done more easily at night?

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Cut my Losses and Hiatus Status

I cut my losses with BIG and EWT. I won’t be looking for reentry points any time soon, but BIG looks like it might be a good buy in a couple of days.

I’ve made significant progress in revising, paper trading, and back-testing my new trading plan. BIG and EWT are two trades that I’ve made since my revision of the trading plan.

My hiatus from blogging has to do with the fact that I have been studying for my college courses. For me, trading is a hobby. I haven’t been consistent enough to call it any where near a career.

This summer, I will be beginning my job at a fortune 500 company.

That is the 411 on my status. As always, I will be looking to improve my trading and learning more from other bloggers out there.

Read Full Post »

Cut my Losses and Hiatus Status

I cut my losses with BIG and EWT. I won’t be looking for reentry points any time soon, but BIG looks like it might be a good buy in a couple of days.

I’ve made significant progress in revising, paper trading, and back-testing my new trading plan. BIG and EWT are two trades that I’ve made since my revision of the trading plan.

My hiatus from blogging has to do with the fact that I have been studying for my college courses. For me, trading is a hobby. I haven’t been consistent enough to call it any where near a career.

This summer, I will be beginning my job at a fortune 500 company.

That is the 411 on my status. As always, I will be looking to improve my trading and learning more from other bloggers out there.

Read Full Post »