The Damage Done

When the market makes big moves, I like to check out other blogs and see how other traders reacted, and perhaps learn something. For the readers who came here yesterday, sorry I didn't have much to share. I had a very long workday, got a speeding ticket coming home, then saw that my account suffered a killshot during the day. I really didn't feel like writing about it. But now I have assessed the damage, and here's what went down yesterday:

CTRP: -$1.50

DRYS: -$2
Could have been much worse.

X: -$5.79
Gapped down below my stop on Tuesday morning. I shouldn't have bought so close to earnings.

It got even worse. This happened to me today:

LVS: -$9.13

It also gapped down below my stop.

On the bright side, I am holding BIDU, which has been acting as a buffer in my account. Without BIDU, I might be jumping out of a window right now. Please don't gap down, please don't gap down, please don't gap down,. I am also holding RIO.

EDIT: My first clue to sell came on Monday afternoon when I was in several positions, all of them up big, and I was feeling pretty good. The last time that happened was the morning of October 11. Later that same day, I liquidated my entire account during an afternoon sell-off. Next time I feel like a trading genius, I will sell immediately.

Ouch

I got my a$$ handed to me today. I haven't gone through the damage yet, since I was away from the market all day. I don't really want to right now.

Swing Trading

We are entering the time of year where swing trading can pay well. I want to be in stocks right now. Here's what I've been doing:

Last week
Out RIMM for b/e
In BIDU

Today
In CTRP, DRYS, LVS, RIO, X

IBD 100 Stocks Near Their Buy Point for 10/29/07

There are nine stocks in the IBD 100 that have been highlighted in the Monday edition of Investors Business Daily as being near their buy points:

#2, FTK


#4, RIMM


#15, NOV


#17, GRMN


#30, CMED


#31, FCX


#33, LIFC


#39, GME


#80, CTRP

Some Trades

I got stopped out of NVDA today:

NVDA: -$2.50

I had also taken a position in GRMN yesterday, and sold it today

GRMN: +$7.18

I am also in RIMM, which I entered yesterday. Both GRMN and RIMM are Zanger picks.

Quick Post

I was stopped out of CROX last week after moving my stop to b/e.

I am still holding NVDA.

AAPL reported blow out earnings, which could be good for tech stocks for awhile. I am watching RIMM.

IBD 100 Stocks Near Their Buy Point for 10/22/07

There are seven stocks in the IBD 100 that have been highlighted in the Monday edition of Investors Business Daily as being near their buy points:

#5, RIMM:


#27, GRMN:



#42, AMZN:



#51, CTRP:



#69, FMCN:



#72, STP:



#92, HURN:

NVDA

Took a swing position in NVDA this morning as it broke out. This is an IBD pick. It had a good day.

I am holding CROX and NVDA. I find it best to not think of my stocks during the work day, because this market is causing me some anxiety, which sometimes is a good sign.

Cautious

I took a swing position in CROX on Monday morning, but otherwise sitting on my hands. Looks like INTC will probably take the market higher tomorrow. It's anyones guess how long it will last.

IBD 100 Stocks Near Their Buy Point for 10/15/07

There are seven stocks in the IBD 100 that have been highlighted in the Monday edition of Investors Business Daily as being near their buy points:

#40, GME:


#44, AMZN:


#60, SLB:


#64, SII:


#70, HURN:


#71, FMCN:


#84, NVDA: