The market for over a week has been in turmoil and threaten to reverse course, so I didn’t have much to post since I was neither buying or selling. Today the market came back with a vengeance and in my opinion reconfirmed the uptrend. I am sure that with just the right news from the middle east or high crude oil prices, the market will once again sputter. But until that happens we must try to make money in the current trend. Sitting on my hands and hoping will do nothing to improve my trading skills or increase my nerve to read and be right. So today I added 4 new positions based on trying to hit the earliest safe entry. I will go through one of them now.
AWH is one I bought today that was in my want to buy list. First the S&P500 had to be in an uptrend and a up day. Then I would like to buy after earnings had been reported. Now I want a pivot low, two green days and buy on the 3rd or after when all other items lineup. RSI rising and prefer above 50 and MACD crossing over and showing first green bar.
$0 realized profit today. AVG = $0 a day. Personal goal = $50 a day. 3 of 23 trading days for February complete.
| Jan | Feb | Mar | Apr | May | Jun | YTD 2011 |
| $5.41 | $698.41 | $0 | - | - | - | $703.82 |
| Stock | Entry | Price | Stop | Profit | % Gain |
| AAPL | $353.00 | $359.56 | $337.72 | $46 | 2 |
| AWH | $63.15 | $63.27 | $60.07 | 5 | 0 |
| CVI | $19.80 | $20.42 | $17.57 | $250 | 3 |
| ORLY | $56.65 | $56.55 | $53.33 | $5 | 0 |
| PAY | $48.90 | $48.59 | $44.10 | $16 | 0 |
| PXD | $100 | $100.02 | $93.50 | $0 | 0 |
| SNDA | $44.40 | $44.55 | $39.86 | $8 | 0 |
| TOTAL | ------------ | ----------- | ---------- | $288 | --------- |
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