Probably my number one rule in trading that I have is to never turn a winning trade into a loser. I demand alot of my trades and the market and if a trade is not doing what I want it to or expect then I cut it loose. Yesterday after I sold M (because it was chopping sideways for 2 hours) it ground its way higher for the rest of the day making me look like an idiot. Well I have looked like an idiot on many occasions so this is no real surprise but who really knew what the stock was gonna do after I sold it?? No one thats who. I could be sitting on a 250 dollar losing position right now too. Capital preservation is the name of the game here and if the big one gets away once in a while because of it then so be it. Call me an idiot but I will be a wealthy one in time. Here are a few from the new scan:
ACE 50.39 - 49.85
DDM 43.72 - 42.92
GLBL 7.11 - 6.74
KR 21.92 - 21.56
RMD 57.54 - 56.58
Thursday, February 25, 2010
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