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...
THE ONLY BRIGHT SPOT...
i did a good job of trading out of RIMM & AAPL while in the green.
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 via triggers donʻt ask questions...
i wonder if the China stuff is done...
wait for Monday...
Thursday, October 11, 2007
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