Tuesday, November 9, 2010

Give back day, I do not like that……..:)

Well today the party came to an end and I finally had to give some of my profit back. I hate that and I guess in a way you could call it greed, but after such a rough summer, I was enjoying the run. Today I gave back $510 or just short of 11% of my unrealized profit. I was not stopped out of any position which is good, but another day or two like that and they will start dropping like flies.

The S&P 500was down 9.85 points or .81 % but my stocks were a bit over extended, so they went down a bit more. The S&P also closed below my support line of 1219.80 and though it is a bit concerning, I knew there would be a battle here this week. Plus the market has been running such a long time without any pullback, so one here would not surprise me. No red flag warning on todays market action, so I stay invested and keep playing the uptrend.

$53.56 realized profit today. November realized gain = $53.56 AVG = $10.71 a day. Personal goal = $50 a day.  5 of 21 trading days for October complete.

Unrealized and still holding: $4240

Year to date: ($2762.60)

Stock

Entry

Price

Stop

Profit

% Gain

FFIV

$100.5

$120.42

$112.56

$338

20

F

$16

$16.07

$14.56

$10

.4

LVS

$37.59

$52.11

$49.99

$2758

37

PTEN

$19.70

$19.87

$19.10

$17

.86

PWE

$22.34

$23.04

$22.54

$70

3.1

SBUX

$28.53

$30.17

$28.86

98

6

SCCO

$39.72

$45.15

$42.25

$949

13

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