Thursday, October 11, 2007

Nasty!!!

Well, talk about a hammering. I went from being up 17% to being down 18%(and counting). Some contracts were up 200% just today!!!

Wish i stayed out. Waiting makes money. If anything the end of this day was a good time to buy. I will be out on these positions if they donʻt recover come Monday

I traded in and out of VMW. daytraded without intending to. initially i stayed out. but i must say that i knives were what i caught...

Lesson:
-temper new highs with "put" protection.
-only invest principle...
-do NOT try to catch the bottom (falling knife).
-ALWAYS set your sell triggers parameters

again...take that 150% gain donʻt ask questions...

i wonder if the China stuff is done...
wait for Monday...

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