Monday, June 11, 2007

Cannot find a winner...

I'm starting to sound like a broken record--bought XXX, sold XXX after stop loss hit, nothing is having multi-day, up moves, sucks to be me...That's the way it goes, the markets are certainly testing my patience, skill, dedication, and tolerance right now. Guess I kinda like it. Of course, there is the VRTX trade that is down 6% that I am basically ignoring...

Sold LEA after it hit my stop loss early in the session. Did recover into the sell AM window, so got out with minimal damage. Sold 8.39866 shrs @ $35.519 for a net of:
LEA: -$1.69 or -0.563% (in range with expectations and the system, okay trade...).

Since I love trading so, so much, I did enter two new positions (can I say, overtrading!!!). See notes below--this will be interesting as I can test (albeit with a small sample size) whether having a stock higher or lower than its industry over the past 5 days helps identify winners (ABK above, ARQL below).

ABK:

ARQL:

I also have a watchlist, but no capital. Check out NJR s, CA s, and RAH s. Sometimes I should just wait and see rather than overtrade like I did today--and all year...RAH looks like a decent setup as does NJR (both first time candidates...). Oh well, no money...

Masterjaz out

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