Five Wrong Trades Don’t Make a Right…Just LOSSES
I just sold DUG which DUG me a nice profit hole. Betting on a turn in oil (or any fast moving security) can lead to quick losses. I did not need to make that ego trade, and I paid. I am not willing to double up and triple up to break even. Took the losses to fight somewhere else.
Dell is a few pennies from my stop. $21 to be exact.
SKF, SRS and FXP are also close to my stops.
I will stick with my many trending longs for now, but licking my wounds and about to call Verizon to unleash some anger on someone as well.
Posted on May 16th, 2008 | Category: General | Comments Off

