Tuesday, December 30, 2008

wrap up of holiday season trading

i had tried to get rid of STLD over the holiday week, but missed both my slender chances at +.4 profit, first by sleep and second by phone call.  volume was very low so it was very hard to watch the tape go nowhere.  

i woke up on Monday of New Year's week, determined to sell it and unfortunately there was a very weak rally and i thought everything would go down and so sold it for a measly +.2, but you take what you get and things did go down.

at the end of the day, i thought RIMM was oversold and bought it for an overnite, since volatility is so low these days, the danger is not so much and was able to sell it today for modest gains, didn't go up as high as i thought.  GS was the real screecher, but i didn't see any of that, i should have shorted NUE or SPY for a small profit intraday, but went with IBM, which didn't really die and i didn't sell and late in the day it went up .5 against my position.  damnation !!  but atleast now i can play it as an overnite and not a daytrade when i make my profit on it tomorrow....hopefully.

blog comments powered by Disqus