Category: holiday trading
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A Historic Day of Profits for the Speculator
I sold 200 shares of POT at $150.10 (entry at $138.14) for a $2392 gain (+8.6%). I sold the remaining 150 shares of CF at 118.34 (entry at $92.05) for a $3943 gain (+28.5%) I sold 150 shares of AAPL at $202.15 (entry at $179.80) for a $3352 gain (+12.2%).…
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Catching a Breakout Early: CF Trade
On Tuesday I bought 300 shares of CF at $92.05. Today the stock broke out over resistance at around $100 and closed at $107.76. I sold half my position near the close at $107.34 for a $2293 gain (+16.6%). I am holding 150 shares and will buy more on a…
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Today’s Trades: GRMN, LEH and QID
I know I will receive alot of questions asking why I didn’t stick with my short positions longer. While I do feel like the market has more room to the downside, I don’t trust pre-holiday trading for sustained moves. Therefore, I feel it’s best to take my profits with shorter…
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So What if There is Light Volume
Many commentators around the blogosphere have pointed out that recent gains have been on light volume and should not be trusted. Rev Shark, an excellent trader, makes this point on his analysis of yesterday’s charts. While I respect this analysis, I could not disagree more. It’s a holiday week, people!…
Paul J Singh 