Subscribe Feed (RSS)The market rallied and all I got
November 13th, 2007 by eyal | Filed under Day Trading. |
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.. is one lousy R :-) Very impressive rally there today, lasted all the way to the close. Alas, for me there were very few candidates. ETFC was left, right and centre on my scanner but I traded it yesterday and I seldom trade the same stock 2 days in a row. Pity about that. RIMM looked ugly on the daily but would have worked nicely as the whole tech sector recovered with AAPL doing particularly nicely. GLW was another top candidate but I was a bit cautious on it and ended up skipping it. The stock I did trade was WMT, and as mentioned, finished with just +1R.
Better than minus one R!
If you compound at 1% a day then magic happens.
Gee I’d even settle for 0.5% a day, no need to be greedy :)
You are both right guys. It would of course be nice to do 0.5% or 1% a day, but as you know on choppy non-trending days it’s easy to end up with -0.5% to -2% which need to be earned back on the strong days.