Edited by Sentient Being, 25 April 2007 - 09:20 AM.
I'm squeezing my New SMH Postion
Started by
Sentient Being
, Apr 25 2007 09:19 AM
1 reply to this topic
#1
Posted 25 April 2007 - 09:19 AM
I was really not pleased at all with that massive gap up yesterday that got me in so high. SMH popped up a bit this AM and I used that opportunity to push the stop loss up to about 36.8 which would get me out with about 2/10ths of a percent loss if one includes the trading fees.
So if it moves up, fine, I'll let the gap between the stop and the close grow. But that gap up spooked me and I want to limit my downside because I think the odds are better that it rolls over now in the next few days as opposed to continuing up.
In the end we retain from our studies only that which we practically apply.
~ Johann Wolfgang Von Goethe ~
~ Johann Wolfgang Von Goethe ~
#2
Posted 25 April 2007 - 10:20 AM
Good plan. Don't forget to buy the dip and get back into the game.
I think 36.41 is the lowest we'll go.
Woof.