I sold Crocks $CROX today for about a 4% loss in Jody's account. I then bought CSX for $64.74. This stock has a 1.6% dividend and has been on a pretty steady uptrend for a while. The market has been really volatile this week, and I wanted something big and steady.
Also, I need to start taking some profits when I'm up. I was up 10% on LULU a week ago, and now I'm only up 4%. With CMG I was up 3% at one point but ended up losing 3% on that trade. There's a saying on Wall Street. "Bulls win. Bears win. Pigs get slaughtered." On Etrade you can put a trailing stop order in when you get up on a trade. You can do it by dollar amount or percentage. If you're up 3%, you can put in a 1% trailing stop so that if it ever drops 1% it will sell automatically. If it drops 1% right away it will sell, if it goes immediately to 10% and then drops 1% it will sell then. If you want to learn more, go to etrade and watch the tutorial.
I'll try to update the scoreboard this weekend because it's the final one for the year.
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