Category — Live Pain

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.

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

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.