Monday, October 06, 2008

Today's Trades: X and K

I just took two small long positions today at current lows.

100 shares of X at $53.46.

100 shares of K at $55.38.

These are small positions with tight stops. I am not risking more than $600 on these trades. The idea is take a small, *expected* loss, with the possibility of a big gain if the market bounces. I don't care about win rate, just the potential for a bounce off unheard of oversold conditions.

*I do not recommend taking these trades unless one has no problem taking a loss*

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