Stopped out of TYP mid session today. Of course after hours all of today's loss has been erased as MSFT and AMZN have disappointed. That's how it goes, and that's what stops are for. Could have been the complete opposite and a 7% loss could have accelerated into a 10+% loss.
Today's action was odd to me and had the feel of a blow off top, but adding to losers is not how you properly manage a trade book. And when taking such bold trades as fading a forceful trend......go small so the stop doesn't have a devastating impact on you mentally or financially.
skip to main |
skip to sidebar
Twitter
This blog is a collection of my analysis derived from many sources. All opinions are for entertainment and educational purposes only. All investment decisions should be cleared with your own investment advisor.
If you've ever made a profit on any of my information consider a donation today!
Jason's shared items
Posts
Blog Archive
-
▼
2009
(106)
-
▼
July
(17)
- TCM Notes : 7/30/09
- TCM Notes : 7/29/09
- TCM Notes : 7/28/09
- TCM Notes : 7/27/09
- Trade Update for TYP
- TCM Notes : 7/22/09
- Fighting a Trend
- TCM Notes : 7/20/09
- TCM Notes : 7/16/09
- TCM Notes : 7/15/09
- TCM Notes : 7/9/09
- TCM Notes : 7/8/09
- Long on Clairvoyance!
- TCM Notes : 7/7/09
- TCM Notes : 7/6/09
- TCM Notes : 7/2/09
- TCM Notes : 7/1/09
-
▼
July
(17)
About Me
DISCLAIMER NOTICE
The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a position in any company or advertiser referenced above. Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.