nikoschopen
2,824 posts
msg #45677
- Ignore nikoschopen |
7/11/2006 2:16:14 PM
I have no idea what the catalyst is for the current rally but, frankly, it's these spur of the moment rallies that I find most challenging. Is it better to plunge right in or stay out until it comes back down to more reasonable prices? As I wait, the monster flies higher (without me of course). So I'm scratching my head (all the while b~ching & cursing about my overly prudish nature) not quite knowing what the fortune has in store for me.
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gruender
101 posts
msg #45678
- Ignore gruender |
7/11/2006 2:32:45 PM
I was able to pickup some $$$ on the reversal and then I got out too early! I really like to grab the profit when I can but then I give up the big bucks. Patience is really hard for me to control, so I have to work on this.
I'm off to a luncheon appointment(CA time) so I will check in later today. Good luck this afternoon Niko.
Joe
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nikoschopen
2,824 posts
msg #45679
- Ignore nikoschopen |
7/11/2006 2:36:52 PM
Short @ 1274.75
(with a smaller number of lots to minimize risk)
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nikoschopen
2,824 posts
msg #45680
- Ignore nikoschopen |
7/11/2006 2:49:55 PM
out @ 1274.75
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nikoschopen
2,824 posts
msg #45681
- Ignore nikoschopen |
7/11/2006 3:29:31 PM
Technical price target for the ensuing rally is at around 1282, reflecting the pattern of symmetry with the earlier rally of approximately 9 points.
Truth be told, I threw in the towels. This market is behaving like a starved lunatic suffering from manic-depression, and I hate to wrongly buy into the asumption that this is just another technical bounce. This should not be construed as rationalizing my inaction or the lack thereof (which prolly is).
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nikoschopen
2,824 posts
msg #45682
- Ignore nikoschopen
modified |
7/11/2006 4:02:18 PM
Today's gross profit: +5.00
(I could have made nearly 19 points had I taken TRO's advice and bought at the rock bottom and sold at the high of the range. *wink wink*)
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luc1grunt
622 posts
msg #45683
- Ignore luc1grunt |
7/11/2006 4:06:52 PM
Niko, do you post on ET?
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nikoschopen
2,824 posts
msg #45686
- Ignore nikoschopen |
7/11/2006 4:39:12 PM
I have kept my own journal in the past. But with so much distractions, I don't bother posting my trades there anymore. After all, one posts for one's own benefit (so methinks). Now I just jibe with others about nonessentials.
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nikoschopen
2,824 posts
msg #45696
- Ignore nikoschopen |
7/12/2006 10:30:35 AM
short 1277.00
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nikoschopen
2,824 posts
msg #45697
- Ignore nikoschopen |
7/12/2006 10:34:30 AM
Covered @ 1276
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