Sunday, August 24, 2008

Market open 25 August 2008

Well, I just simply followed what I said I was going to do on Friday.

Stop out PBG for a loss of about $330.

Changed my stop to $8.56 on GUD.

Shorted TSO risking $500.


It'd be nice to get stopped out of something for a profit for a change! However remember the golden rule of trading.... Let your profits run and get rid of losers real quick!

Day trading may be a little more interesting, fun and exciting. However, I'm in trading to make money which is why I'm sticking to my long term trading plan. I have no interest in day trading because it doesn't suit my personality.

The reason I started my internet business was so that I wouldn't be tempted to entertain myself by micro managing my open trades.

Anyway, back to my internet business (which, by the way, I find interesting and fun).


Sharon

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