Starting with 38,366.53 going for 100k

[nullzero]

BOUGHT TO COVER 2000shrs GIGM at 8.90 avg.
Profit: about +7%

BOUGHT 1000shrs HOM at 11.96
Profit target: 7%-25%

UPDATE:
BOUGHT 1000shrs HOM at 11.96

[nullzero]

SOLD 2000shrs HOM at 13.94 avg.
PROFIT: +16%

I got lucky with the timing of HOM trade... market was down and hurricane hype was just starting got in at 11.96 and rode it to 16% from yesterday.

Total Account Value: $41,094.59

All my open short positions slightly rose up today not by much though.

[nullzero]

BOUGHT 2000shrs XING at 8.40
PROFIT TARGET: 5-20%
STOP LOSS: about -6% at 7.95

Chart looks good on XING MACD recovering, RSI bottomed and rising to 50, 5DMA bottoming and rising to 20DMA. 8.80-10.20 looks like a good profit taking range.

[nullzero]

SOLD 2000shrs XING at 8.01
LOSS: -5%

Market turned negative and closed down -26 points.. Unfortunately I timed this trade at almost the HOD and was horrible on my part I thought it could rally close to the 50DMA today and if market was doing well. Closed this position..... Im hearing that the dow is going to break thru 11,000. I dont want to hold any long positions unless there worthy to survive the hurricane (HOM)

BOUGHT 1500shrs HOM at 13.27
STOP LOSS: -7%
Profit Target: 5-15% (13.90-15.50)

Total Account Value: $40,567.67

Total Account Value:

[Terliso]

Nullzero,

I noticed that you trade a lot, that must be exhausting...


Quoted from the book "The Amazing life of Jesse Livermore"[/color]

The big money is made by "the sitting - not the thinking." Once a position is taken the hardest thing to do is to be patient and wait for the move to play out. The temptation is strong to take fast profit or cover your trade solely out of fear of losing the profit on a correction. This error has cost millions of speculators millions of dollars. Be sure you have a good clear reason to enter a trade and be sure you have a good clear reason to close your position. It is the big swing that makes the big money for you.

[nullzero]

yeah im over trading a little to much    comm eats my eats at my profits. Im working on trading less and tuning up the way I trade and manage my money.

[joet]

Howdie Nulz  Where you at on this quest?

Terliso liked your quote... we all sold TNEN too early, My only reason to sell was to secure profits, which i could of doubled in another 5 sessions... when will this one correct? and would it be a wise buy then...  was it Ramsberg who said use em and toss em... i have been burned several times by re-entering one that previously did well for me... hom/hsoa

Keep up the great posts folks.  I am currently in ISV  1.80 and GST 2.92  hopefully each is consolodating for next leg up

cheers Joe

[nullzero]

I got burned by HOM to . I wouldnt chase any stock period there is thousands of other stocks to trade and plenty of oppertunity. Currently I have been stuck in a rut with this portfolio been hanging around the 29-30k area lost 8k with the market downturn a while back and havent been able to recover yet.

Currently holding these stocks

Short PHM DOWN -5.20%
Short AAPL DOWN -6.96%
Short CLB DOWN -1.57%
Long CCJ UP +4.12%

I closed several profitable trades recently. (L) MPW, (S) BRCD, (L) NBG, (S) KOMG, (S) TOA, (S) LYO, (S) TARR, (S) CTCI, and couple others in the last 2 months.

[joet]

Yooo Nulz
thanx for the reply, I to am down about 10k from the June slump, despite a majority of positive trades this summer, mostly on the short side. I have stubbornly held onto a bag of Bio-pharms that are killing me GNBT, NVAX, and GNTA, (also losing on GZFX, IVAN, VYST, NMKT,  Winners are JADE, FRG, ftgx)

HOSA i unloaded 2/3 at 5.5 with a 40% loss and will sell the last if it breaks 4.9 support on a close which looks iminant 

PHM has been good to me on the short side, currently out waiting for it to hit 31-32, these home builders have been hit hard and i see a recovery before more bleeding (check out CHCI, wish i had averaged down at 4) I agree with you that they will stay trending down for the forseeable future.  Thank you for PHM, you brought it to my attention.
I hold a small short in AAPL and ZMH which are amaxing me with their tenacity.  (my positions are small enough that i can sell some more when/if Dan sees fit!  Thak you to for that Shortstocks.com connection)  Did you watch the action in WBD on Friday!!
CLB i have not entered yet, BAB looks more apealing to me...I have not looked at CCJ

Overall I am realizing that i have too many small positions open and need to try to consolodate, be more patient and play a few larger trades with mor confidence...

BRCD if it hits 6.40s again i will try to short with a tight stop of 6.55... that channel top of 6.45 has been some strong resistance for those bulls.  KOMG also looks interesting..

Also look at PNRA, ABBP, GST and ISV  the last 2 i am in...  if you can find the shares watch TNEN.ob for a short  also AKAM for another short entry

I need to learn to sell losers

keep up the great posts  (are there really only 4 positions in your quiver currently?!)
Cheers Joe