Wednesday, November 10, 2010

Forced to take some profits.

As much as I hated to see my favorite and largest winner of the year sell, LVS had to go. The stock had a good run before I got in and then an even better run after, and it was over extended and due for a pullback. Then this morning, UBS downgraded LVS and it meant there was going to be selling pressure. So I moved my stop loss up to a level that I was comfortable giving back profit, and it was sold within 2 minutes of the market open. I took a profit of $2490.26 in LVS.

Also sold PWE for a whopping .98 cents profit. PWE was downgraded on the 8th of November and combine that with a weak market this morning and I was bounced out.

Lastly, I was just watching all my profit evaporate in SCCO, so I pushed up my stop loss up and another stock was sold for a tidy profit of $758.54

$3249.78 realized profit today. November realized gain = $3196.22 AVG = $399.53 a day. Personal goal = $50 a day.   8 of 21 trading days for October complete.

Unrealized and still holding: $726.00

Year to date: $433.62

Stock

Entry

Price

Stop

Profit

% Gain

FFIV

$100.5

$122.89

$112.56

$380

22

F

$16

$16.63

$14.80

$94

3.9

PTEN

$19.70

$21.06

$19.34

$136

7

SBUX

$28.53

$30.47

$28.86

$116

7

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