Thursday, April 14, 2011

Wishy washy no direction week so far.

Well with one day left in the trading week, it seems that we are going to have a 1% loss and maybe more. On the bright side, the market open down this morning and fought an clawed it’s way back up hill. Because I believe that the overall trend, based on the weekly chart, is still in an uptrend, I have still been buying long positions in stocks. I added PRX and CSTR and I’m currently down a total of $33 on those two positions combined. Then I got back into 2 positions I sold last week in PAY and REE. I’m up $33 combined on those two positions. Then today I sold TK right before it reversed back to positive, but I should have sold it 3 or 4 days ago.  I did not do well with me discipline on this trade. I paid the price to. Lastly, I added HITK today and the stock was up 9.45% today and I got 6.28% of that. I have no idea what drove this stock, but I wish I would have bought that instead of TK when I had them in my buy list last week.

Still can’t tell which way this market is going to go, so be careful is the theme.

Sold TK today for $217.67 loss.

Jan
Feb
Mar
Apr
May
Jun
YTD 2011
$5.41
$698.41
$163.29
$946.27
$0.00
$0.00
$79.20

Stock
Entry
Price
Stop
Profit
% Gain
CSTR
$48.48
$48.39
$46.50
$6
0
CVS
$36.40
$35.61
$35.30
$54
2
HITK
$24.20
$25.72
$24.33
$152
6
JAZZ
$31.95
$34.17
$32.76
$175
7
PAY
$55.37
$54.00
$53.38
$75
2
PRX
$33.83
$33.53
$32.50
$27
1
REE
$15.60
$16.14
$15.13
$108
3
SLE
$18.42
$18.37
$17.98
$7
0
SLW
$46.45
$42.88
$42.07
$193
8
SNDA
$44.40
$43.60
$42.40
$45
2
TWI
$26.37
$25.67
$25.79
$70
3
TOTAL ------------ ----------- ----------
$42
---------

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