Wednesday, October 20, 2010

October 20, 2010

Time to update my trades. Sorry I haven't posted in awhile. Thanks for the article on Netflix. That was educational. I'll try to do a better job of keeping this updated.

DSTI really bailed me out. I'm waiting for it to find steady support again so I can get back in.

After my last post on Sept. 24, I was at -8.47%. The S&P was at 3.01%

On Oct. 12 I sold DSTI at $2.27 for well over a 20% gain. I then bought AXP for $38.65. Unfortunately I had only used about 60% of my account on that trade. The other 40% was used on CRM. I like being invested it two stocks instead of one though.

Yesterday I sold CRM at 103.25 for a substantial loss. I then bought BFR for $10.46.

The mistake I made with CRM is that I didn't sell when it dropped below the 50 day SMA. I didn't stay disciplined and do what I was supposed to do. Looking back I was just bummed about the ISSI trade and wasn't paying enough attention to what was going on. I can't let that happen again. On the bright side, everything I have right now is up. It's nice to see some green numbers again. In my other account I bought Chipotle (CMG) on Sept. 24 for $169.65. As I'm writing this it's up over 6% at 181.20.

After yesterday's trades the scoreboard reads as follows:

Me -.08%
S&P 4.56%

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