Author: Jason

I’m in a funk. You ever get to that place where you want to reverse every one of your trade ideas? I’m there now.

I sell GRMN at $81 and it goes to $103. I buy BBBY for some reason at $36 and it goes low. Then I watch it bounce, set a stop loss that gets hit at $34.74, and watch it have a nice up day today. I sell EBAY in a whipsaw too, and now it’s jumping up like I thought it was going to two week ago.

I think the main mistake here is I’m being conservative, trying to avoid losses. GRMN looks like it’s dropping, sell… EBAY is dropping, sell. The other part of it is that I was nearly fully invested when the stocks started tumbling a couple weeks ago. So “reinforcing” my position was a trick out of my disposal. (That’s my own fault.) I aslo was pretty frustrated for getting in BBBY early and just wanted to get some distance from that trade.

So what do you guys do when you make big costly blunders like this?

Below are my notes from yesterday, which I wrote before the open. I realize that I should be a bit quicker about putting these online because (1) they are sometimes timely and people might find them useful and (2) if I make a great prediction it will be easier to believe if I posted my (more…)

I thought I would share my watch list notes again. Here’s what I wrote out this morning before the market opened. It was a really tough day out there, so I’m going to have to re-evaluate a bunch tomorrow. Hopefully this is helpful to you guys. AMGN No sell signals. Test of 30DMA coming up. (more…)

I’m getting back into trading a bit. Here are my watchlist notes from yesterday. Be warned, I’m a total hack. Even I’m going to do more research before using this stuff. Comments appreciated. AMD – Buy now. Watch intraday for bounce. Supports at $15, $13.50, $10. Half now, half on dip? ERTS – Buy soon. (more…)