Tuesday, February 20, 2007

Pre-open 02-21-2007...

Maybe I'll keep ahead of the bell this week. Likely not, but it is worth a shot. SYY hit +2% today so I sold half and am tracking the other half with 1% stops. HHS is still chugging along although was nearly stopped out today, missed by a penny!

Sold 4.37462 shares @ $35.043

Watch list: BHE, ENZ, FLE, WTS, MENT, REG, and HP

I may start paper trading a new method. I will be rolling an IRA in the next couple months and I am thinking of using Zecco. In doing so, I'll have to re-evaluation how and when I enter a position. Currently I say buy at the window and wait 10-90 minutes for the transaction to occur. It is completely out of my hands. If I go with Zecco, I will have to make the decision when to buy--nervous, but I appreciate the control. My inkling is to use similar candles (i.e. doji and engulfings) to signal entries. I'll likely use 5 or 10 minute candlestick charts. On the flip side, I'll be able to take profits and sell stop losses instantly. That control will greatly help with the major slippage I experience with FolioFN. So, I'll paper/pretend trade for a month or two while I wait for the rollover.

For now,
Masterjaz out

0 Comments:

Post a Comment

<< Home