Tuesday, December 7, 2010

Promising start, then poof !!

When the news hit this morning about Obama agreeing to extend the Bush tax cuts, the market started to move and I really thought we were going to have a nice day. But it just didn’t happen that way. We zipped up to a new yearly high $1235.05 and by 4pm we closed up .63 cents at $1223.75. We are still holding above $1219.80, but I was expecting a better day.

As I suspected yesterday, I got popped out of TTM for a $296.03 loss and without hesitation, I took that money and reinvested it into my newest position TQNT. Not only did I take that loss in TTM, but my total portfolio balance dip $300 and I hate that. This is trading and it cannot go up everyday, but I can always hope that it does.  Tomorrow I will more than likely get stopped out of SVM for a small profit because my stoploss is within .05 cents.

$296.03 realized profit today. AVG = $57.65 a day. Personal goal = $50 a day.  5 of 23 trading days for December complete.

YTD $1106.74
December $288.23
November $1885.49
October $1174.75

Stock

Entry

Price

Stop

Profit

% Gain

ATML

$10.71

$11.60

$10.80

$207

8

BRCM

$43.91

$45.31

$44.05

$77

3.2

CTSH

$64.98

$69.18

$66.14

$147

6

DECK

$73.18

$80.83

$75.00

$665

10

LULU

$51.50

$54.93

$51.23

$171

6

LVS

$50.55

$47.59

$44.08

$148

6

SBUX

$28.53

$32.78

$30.89

$255

15

SVM

$12.35

$12.70

$12.65

$70

2.8

TQNT

$13.08

$13.10

$11.52

$6

.2

TOTAL ------------ ----------- ---------- $1450.00 ----------

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