As Zoomie put it: “Holy overtrade Batman!” A rough day for Zoomie… 5 Trades and 5 Losses. Give him some encouragement, would ya? Sometimes a simple “that stock kicked my ass, too” helps a lot.
United Therapeutics Corporation (Nasdaq: UTHR) Trade (click to enlarge):
RC2 Corporation (Nasdaq: RCRC) Trade (click to enlarge):
Zoran Corporation (Nasdaq: ZRAN) Trade (click to enlarge):
Centene Corporation (NYSE: CNC) Trade (click to enlarge):
DSP Group, Inc. (Nasdaq: DSPG) Trade (click to enlarge):
| Stocks Mentioned In This Article | |
|---|---|
| Stock | Links |
| UTHR |  |  |  |
| RCRC | | | |
| ZRAN | | | |
| CNC | | | |
| DSPG | | | |
October 24th, 2006 at 6:39 pm
lost on uthr, as well bud. I really liked that one, too =)
October 25th, 2006 at 3:19 am
I examined each one of those setups and they all look pretty good, actually. I’d chalk this day up to bad luck - 5 losing trades in a row is tough! Perhaps a three strikes and you’re out policy would be good. Do you have a rule like that?
October 25th, 2006 at 4:02 am
Dave,
Thanks for the comment! I do have a 3 strikes you are out rule. I kept trading though since a couple losses were small, breakeven minus slippage. Although on one trade the slippage was considerable. My other rule is maximum R 2 loss. At the end of the day, I made sure to get that R 2 loss…..R 2.2 actually….;). Perhaps whichever event comes FIRST should be the rule as I always see some excuse to continue trading. I am also going to log each trade immediately after completion.