Remember yesterday’s post I said I was looking at these stocks: AGCO, ENTR, CLF, CMI, and CVI. Well today I purchased three new position but only one from that list. ENTR, ATML, and KEM are my new positions and I’m still looking for more. I made much better choices in my entry’s today, some of it luck and some of it patience's. Two of my new entry’s are in the money now, but not enough to cover the stop loss order. The Stop loss order is key once your in. If you look in the Stop column, all are red except one and that means if the order is fired off, I will lose money in that position. Being realistic though, you can’t buy a stock in one day and place a stop order and expect it to be in the money. That would be nice, but when I buy a stock, my intentions are to ride it long term and chase with that stop order so to protect profit. Never give to much back, but leave enough room for it to run.
All indexes moved up today and put us back to Mondays close, so we are good to go for the moment. The only index to be careful of is the European index. If was down again today and is another reason I do not have any money invested here.
Current stocks on my Radar: AGCO, CLF, CMI, CVI, ROK. This could change with further research tonight.
$0 realized profit today. AVG = $11.67 a day. Personal goal = $50 a day. 3 of 20 trading days for January complete.
| Jan | Feb | Mar | Apr | May | Jun | YTD 2011 |
| $35.03 | - | - | - | - | - | $35.03 |
| Stock | Entry | Price | Stop | Profit | % Gain |
| ATML | $12.90 | $12.89 | $12.11 | 2 | 0 |
| BWA | $73.99 | $73.18 | $71.32 | $27 | 1 |
| CTSH | $64.98 | $76.19 | $72.26 | $572 | 8 |
| CY | $18.14 | $18.34 | $17.73 | $30 | 1 |
| ENTR | $13.00 | $13.22 | $11.50 | $42 | 2 |
| KEM | $15.23 | $15.25 | $14.59 | $3 | 0 |
| MIPS | $16.72 | $16.74 | $15.16 | $3 | 0 |
| TOTAL | ------------ | ----------- | ---------- | $621.00 | ---------- |
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