I sold 500 shares of VDSI at $20.65 (entry at $17.63) for a $1510 gain (+17.2%). Check out my reasoning for entry here. It was the perfect accumulation and pullback to support play.
I was stopped out of my 400 share position in JSDA at $24.85 (entry at $26.41) for a $624 loss (-5.9%). This may sound crazy, but it actually is somewhat of a relief to take a loss, considering my last losing trade was March 21st, 24 trades ago.
While I've had a good win rate over the past year and a half (when everything started to click for me), I've never enjoyed a run like this. I attribute this run to one part picking the right setups and sectors, one part market conditions, one part improved psychology (most of it being patience and honoring stops) and one part luck.
I may take a few nibles in RIO, INFY, BLUD, TOL, AMZN (short) and CCOI later today.
I am still holding STLD, ZOLT, EWZ, PAAS, FUL and QID.
Showing posts with label RIO. Show all posts
Showing posts with label RIO. Show all posts
Thursday, April 26, 2007
Friday, February 02, 2007
Trades: USO, RIO and EWZ
I had internet problems yesterday and was not able to post the following trades:
I sold 400 shares of RIO at $34.25 (entry at $32.25) for an $800 gain (+6.2%).
I sold 500 shares of EWZ at $48.00 (entry at $46.10) for a $950 gain (+4.1%).
I sold 500 shares of USO at $48.10 (entry at $46.80) for a $650 gain (+2.7%).
I still like all three of these stocks, and the corresponding sectors, but all three are a bit extended. If I see a nice pullback to support levels, I may re-enter. I know this may be a case of overtrading, but the fact that all three are near resistance levels makes it seem at least somewhat prudent to take my profits.
I am still holding CAL (short) and BLUD (long).
I sold 400 shares of RIO at $34.25 (entry at $32.25) for an $800 gain (+6.2%).
I sold 500 shares of EWZ at $48.00 (entry at $46.10) for a $950 gain (+4.1%).
I sold 500 shares of USO at $48.10 (entry at $46.80) for a $650 gain (+2.7%).
I still like all three of these stocks, and the corresponding sectors, but all three are a bit extended. If I see a nice pullback to support levels, I may re-enter. I know this may be a case of overtrading, but the fact that all three are near resistance levels makes it seem at least somewhat prudent to take my profits.
I am still holding CAL (short) and BLUD (long).
Tuesday, January 30, 2007
Today's Trades: EWZ and RIO
As discussed last night, EWZ looks attractive as a pullback candidate, so I bought 500 shares at $46.10.
I bought 400 shares of RIO at $32.25. I've been waiting for a decent entry in a steel/metal stock for quite some time now, and finally found a decent pullback. I placed my stop at $30.90, just under the last breakout. Note the smaller position size. The fact that the stock has been on such a tear required me to take a reduced position.
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