Tuesday, August 14, 2007

In Retrospective...

COP: Came across on my ECN, the trend is down but it crossed up, shorted the stock, took .15 profit
Billy: Should've been slightly more patience for the bounce back and got in at a better entry price, let the winner ride longer and look for signs to hold on to it

EMC: Same scenario, came across ECN, shorted and starts going the other direction, covered with a .12 lost. The trade would've became a winner though
Billy: After a long drop off, look for a bounce back between 1/3 to 1/2 of the original and that would've been a better entry price. Did the right thing to cover, just more patience in the future

CMG: see EMC

DD: sees a support at around 47.90, enters bid at .93 and suddenly drops off and lost almost .30 on it
Billy: still doesn't know what happened, looks like someone just canceled a big bid. Might've considered going reversal on it to go back up

MO: sees lots of big bids near whole number or just below it, notes the support and resistance level. Traded 3 times, got stopped out once for .08 lost, overall positive
Me: eh... pretty good.

M: trends down, pops up on ECN, short the stock, good entry, met target and took profit

Eric: Don't trade any stocks over $70

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