Back to the fight.

Today I sold SLE for a very small profit and then I bought 5 new stocks with very tight stops right before my vacation. I would be happy with making $30 bucks a piece just in attempt to make a little money and manage losses. I will be managing these positions tightly with the 30 minute chart.

SLE – $37.72

Jan	Feb	Mar	Apr	May	Jun	YTD 2011
$5.41	$698.41	$163.29	$248.52	$830.19	$0.00	$1448.74

Stock	Entry	Price	Stop	Profit	% Gain
CSTR	$48.48	$54.23	$52.15	$356	12
LO	$108.60	$109.27	$107.55	$15	0
SFLY	$57.65	$58.29	$56.94	$27	1
SHOO	$54.94	$55.75	$53.30	$36	1
THOR	$33.89	$34.21	$32.80	$24	1
V	$80.35	$80.35	$79.05	$0	0
TOTAL	------------	-----------	----------	$458	---------

This is why most quit trading!!

This was a tough week for me in the stock market and tough week on my retirement account. I made my worse mistake with SINA in that my mental Stop loss was crossed because of news. Then it made a recovery and I really thought I was good to go. Then May 3rd, bam!, lost $13 bucks a share before I could hit the sell button. That cost me, $465 in one position. That was half of my total loses out of 8 that I sold this week. After the butt wimping, I’m left with 2 positions and a stock market that has left me guessing as of Friday which way it is going to go next. So, when things turn against you and your not sure of direction, you stand down and wait for opportunities. So I will lick my wounds for a few days and do just that.

CVI (272.24)
PDC (100.03)
PRX (23.64)
BIDU (52)
HITK 207.96
ARUN (162.61)
SINA (465.86)
JAZZ .51

Jan	Feb	Mar	Apr	May	Jun	YTD 2011
$5.41	$698.41	$163.29	$248.52	$867.91	$0.00	$1486.46

Stock	Entry	Price	Stop	Profit	% Gain
CSTR	$48.48	$53.52	$46.50	$312	10
SLE	$18.42	$19.28	$18.25	$116	5
TOTAL	------------	-----------	----------	$428	---------