Tuesday, September 29, 2009

Stapler throwing day

You know what really pisses me off about getting into a trade? Buying the high thats what. You buy a stock and it goes no higher on the day crushing your spirits for a quick profitable outcome. Today we had 2 stocks on the radar. The first one BLC gapped us and never looked back. The one we bought the high on today was PMI. Didnt get filled right off the hop but after we did Consumer Confidence report came out and crushed any hopes of a positive day. I have "confidence" that we will retest the highs in PMI being that it is in a solid uptrend but its just gonna take a little longer to do it is all. I like the get in, get out, get done in a couple of hours type of trade but this wont be it. Tomorrow or thursday should bring us a positive outcome.

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