Category — Live Trades

bought at $102.54

UPDATE: no momentum there for sure, stopped out at $102.25. Do we switch hit on it? thinking, thinking thinking, No.

UPDATE: Getting out early was smart. Not switch hitting was smart. Should I have raised my stop up a bit when it crossed $103? Yeah.

I might be just a tad piggish on Apple right now.

Click the image to enlarge

Let’s imagine that I was not such a foolish investor who would Whole Hog an AMEX stock that specializes in manipulating zeroes and ones:

and say buy AAPL at $174.81 - to hold through (and reconsider on) the day prior to earnings - or to be ruthless stopped out at the red line of course!

Note: I can’t actually buy AAPL at these prices for a decent swing position, I’m up to my sow’s ears in ONT.

12-7-07 UPDATE: Nice crash through green today, which commences the challenging part for me. I put in a trailing stop at $180. I still see a lot of upside to this one, up until earnings. (yeah, I know - this ones purely a paper trade)

 UPDATE 12-26-07: Moving the trailing stop up to $188 now that Apple has broken through $200.

Just like to pop a Live Trade in here now and again to see how it messes with my head. It’s a Two Line Entry trade.

Short RIMM at $114.34
Aim: daytrade only

Reason: Getting in a bit early on this one but let’s see how it goes.

UPDATE: Stopped out at $114.70

Let’s short RIMM again!!!!

Short at 113.40

UPDATE: trailing stop triggered at 112.00

Comparing the 2 RIMM live trades today, this is really how it should work out with my daytrade plans. I will take losses, but they will be smaller than the gains.

UPDATE: Closing out at the end of the day would have worked out better, but its hard not to keep a trailing stop with RIMM. RIMM closed around 110.90

With the pittance in my trading account that is not locked up in ONT, I plan to post live trades just to see how it affects my psyche and decision making.

What are the odds that this first one will be a loss? Excellent!

Short RIMM at 108.46
Aim: daytrade only

Reason: I watch RIMM alot.

UPDATE: Cried Uncle! Out at 108.80

Glad to get that first live loser out of the way. Poor decision making in my stop. My first inclination was to get out at 108.50 when it wasn’t looking right, I ignored that and paid a small price.

Watching RIMM move up to 110 from here is why I like this stock. If you can keep the losses small, the gains can move in your favor significantly.