I had an okay day today, which could have been a great day. I had two problems. One, I was pressed for time again (I have lots of social obligations this week). Two, I was a bit jittery about how subdued the markets were, and how the nasdaq was generally pointing down. So, I took profits way too early.
This really should have been a 2 or 3 R day, at least. Oh well. Instead, I ended up for the day by about 0.7R for the day. I think in the long run, I think it pays to be careful when breakouts have been failing lately. I’m hoping to see a couple more good days like this over the next week or so. It’s good to finally have an up day again!
Here’s the Titanium Metals Corporation (NYSE: TIE) trade. The Allegheny Technologies Incorporated (NYSE: ATI) trade is at least as embarrassing, in terms of profits left behind! Click to enlarge, as always:
| Stocks Mentioned In This Article | |
|---|---|
| Stock | Links |
| TIE |  |  |  |
| ATI | | | |
October 24th, 2006 at 11:47 pm
[...] Today’s Trades on Titanium Metals Corporation, and Allegheny Technologies Incorporated [...]