Trading Stocks & Personal Development: Making the Complex Simple.
STLD and other steel stocks have been momentum favorites of mine for quite some time. While many steel stocks still look solid (l MT and RIO to name a few), some noteworthy high flyers are showing chinks in the armor. This is not a good sign for the industry as a whole.Let's take a look... Continue Reading →
I sold 1000 shares of QID at an average price of $53.86 (entry at $55.50) for a $1640 loss (-2.9%).I covered 200 shares of AAPL at $92.05 (short at $90.10) for a $395 loss (-2.1%).I covered 500 shares of STLD at $41.08 (short at $39.08) for a $1000 loss (-5.1%).I sold 200 shares of VLO... Continue Reading →
I was stopped out of my 350 share position of HAL at $30.44 for a $388 loss (-3.7%).I sold 350 shares LEH at $72.71 for a $231 gain (.9%). The total gain for the 700 share position was $696 (+1.4%). I was hoping for a bigger gain, and decided to bail on the trade because... Continue Reading →
Steel has been one of my favorite sectors over the past few months, with STLD being the trade of choice. Notice that the 50 day MA and the gap level converge at the same point. It will be interesting to see if the stock can hold above this level ($35.75-36). If the bulls can't hold... Continue Reading →
Man, I'm kicking myself for getting rid of QID yesterday! Stupid, stupid, stupid! I hate myself right now. I should have let the trade play out until it hit my target or stop. Micro-managing at its worst.I'm holding on to most of my positions right now, and actually made a few buys. I bought 50... Continue Reading →
I've had a busy day at work, so I'll have to detail the trades in more depth tonight. I bought 500 shares of STLD at $40.02, 500 shares of CENX $47.64 and 300 shares of RL at $87.10.I also got stopped out of my 250 shares of LEH at $81.61 (entry at $82.64) for a... Continue Reading →
I sold all 900 shares of STLD at an average price of $39.88 for a $1577 gain (entries at $37.87 and $38.45). Currently we've got a long bar heading right into resistance at $40. This is a strong stock, and steel has been on fire, so I may re-enter on a break of $40 or... Continue Reading →
I was stopped out of the remaining 250 shares of NCTY at $36.15 for no gain. The total gain on the 500 share trade was $275.I bought 500 more shares of STLD at $37.87. I am currently in for 1000 shares of the stock, with the other 500 shares entered in at $38.45. I like... Continue Reading →
