Ouch!
What a week. One of the worst I've had in quite some time. The difference is looking back I'm not really sure what I would have done differently. The biggest mistake I made I believe was not capitalizing more earlier in the month. Had I done that this week wouldn't have been so bad.
For whatever reason the market changed it's behavior this week. Setups that were working over and over just all of a sudden stopped. Thursday was the real killer and as I said I'm not sure I would do anything different even in hindsight. I guess it just works out that way sometimes. Oh well, hopefully I'll regain my mojo.
Mon- (2225)
Tues- +2037
Wens- +1445
Thurs- (4061)
Fri- (1655)
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total- (4459)
Month so far: +1650
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I know, stocks can be so volatile! It's crazy and scary. I have learned it the hard way. That's why I try to always take half of my profits when there is some, and cut my losses very fast when a stock don't behave like I thought it would.
ReplyDeleteKeep up the good work
UT
Thanks, thats not bad advice.
ReplyDeleteIt will be interesting to see what happens this week. I'll certainly be reducing size and being more cautious on Monday. All these headfakes make trading damn near impossible some days. If anything, I probably should have realized Thurs was one of those days earlier, though much of the damage came right off the start.
Check out the Swine flu stocks for monday. It's going to be hot!
ReplyDeleteHere are some:
http://www.investorslive.com/2009/04/26/flu-stocks-going-wild-stock-scan-for-the-27th-of-april/