Friday, November 12, 2010

Double ouch!!

Let the pain begin. Today I gave back a bit  and I’m sure the pain has not ended yet. The market to me with or without POMO is going to pullback. I really felt that with the Fed stepping up the influx of money the market would reverse. I’m not so sure about that anymore. I gave back $494 of my unrealized profit today or 61%. That is not all. I also got stopped out of NOV and that cost me $155.03 to hold for 24 hours. It gets better, I thought today that LVS had found a bottom and with the Fed coming back into the market, it would help it along. Wrong! I held LVS for 2 hours and 13 minutes at a cost of $145.06. Now that sucked.

So, I worked my butt off to get out of the hole and it looks like I might be heading back into the hole. Time will tell, but I will not go down without a fight.

$300.09 realized profit today. November realized gain = $2896.13 AVG = $289.61 a day. Personal goal = $50 a day.   10 of 21 trading days for October complete.

Unrealized and still holding: $312

Year to date: $132.53

Stock

Entry

Price

Stop

Profit

% Gain

FFIV

$100.5

$123.86

$113.47

$397

23

F

$16

$16.30

$14.96

$45

1.9

NG

$14.99

$14.66

$13.56

$66

2.2

PTEN

$19.70

$20.30

$19.48

$60

3

SBUX

$28.53

$30.19

$28.94

$99

6

SCCO

$46.10

$44.13

$43.14

$197

4.3

SWKS

$23.40

$23.14

$22.55

$26

1

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