I’m still on vacation and I only had 15 minutes this morning to look at the opening numbers, check my plan from the night before, and leave for an appointment. We are looking at land for retirement and went to see a realtor, so time was limited today.
The S&P 500 looked to me that it was just consolidating the previous day big gap up. This is normal and sometimes it even gives a bit back. The S&P was down 1 penny today on the SPY.
I made a couple of purchases trying once again to play the trend. I watched TWI take an early morning pounding Monday and I did nothing. Then Tuesday I saw the trend continue, so today I put an early morning bid of $14.40. It never got filled. I did a check on the road at lunch time and it looked as though it had found support at $15, so I placed a new order for $14.99 and that was filled.
The second stock I was wanting to ride was PRX. The volume is a little light at just over 400k shares, but the trend is killer. I was able to get my price on PRX at $31.29
My only other position is SPXU, which was nothing but a gamble based on past performance and I might be taking a loss on this position. JASO, I’m in the money and my stop loss will ensure that. TWI and PRX have very tight stops and need 2 or 3 good days to ensure that I’m in the money to make worth my time.
$0.00 realized profit today. October realized gain = ($123.16) AVG = ($30.79) a day. Personal goal = $50 a day. 4 of 21 trading days for October complete.
Unrealized and still holding:
JASO - $146
PRX - $52
TWI- $16
SPXU - (180)
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