I have not been doing well on these 3 days.
Here are some of my trades:-
Trades on 19 December 2007
Name of the Company: Circuit City Stores Inc.
Symbol: (NYSE: CC)
Industry: Retail (Technology)
My entry point as below:-
CC has been a weak stock for some time and it opened lower on 19 Dec compare with the previous day. After market opened for about 5 minutes, I shorted the stock. I earned some money in the beginning but after about 8 minutes, the stock just rally up in front of my face and I was hurt and got out from CC.
This has taught me not to enter a position once the market opens, I should have waited for at least 15 minutes before entering a position.
Name of the Company: Amdocs Ltd
Symbol: (NYSE: DOX)
Industry: Software & Programming
Reason: It was upgraded to BUY on that day.
After I got out from CC, I found this stock kept on hitting my HIGH filter. I entered the long position for this stock and it went on my way and then I sized in and put a stop to secure some profit.
After a while, it triggered my STOP but I got a Bad print as there was a spread between BID and ASK and I lose money in this trade.
Trades on 20,21 December 2007
My trades on 20 and 21 were not too bad compare with 19. But still, I lose money on these 2 days.
*Please be informed that all the charts above are extracted from http://finance.yahoo.com/charts