RFMD, RMBS

Posted on June 28, 2006
Tags: Day Trading |

The seesaw continues today with two unsuccessful shorts: RFMD, stopped out for -1.1R (slippage) and RMBS which didn’t really go anywhere and closed at -0.2R so total is -1.3R for the day.

Comments

4 Responses to “RFMD, RMBS”

  1. joethemover on June 28th, 2006 4:25 pm

    Trading and thinking about moving can be….difficult.

  2. eyal on June 28th, 2006 5:02 pm

    Yes, and you can add a full-time job on top of that. The only non-mandatory component in this mix is trading, but that’s the one I enjoy the most and have the most interest in (read: maybe addicted to..) hence the decision to continue trading during this period. Also the downside of stopping to trade for a prolonged period of time outweigh IMHO the downside of subpar performance. I also look at it as one more way to improve my trading, if I can continue to trade and do reasonably well under these conditions then in the future it’ll make things easier. We have a saying in the Israeli military which we were indoctrinated on: tough in training, easy in battle.

    Thanks for the comment.

  3. sung on June 28th, 2006 8:56 pm

    I was also short RFMD, but did not lose money. I got out when the overall market started to move up. Good luck in Asia!

    Cheers.

  4. eyal on July 2nd, 2006 4:46 am

    Good on you Sung.

    Thanks.

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