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You have to survive

You have to survive
Every day is a battle, survival is rule #1

Tuesday, November 16, 2010

NM short entry

Entered NM for the first short trade in a while. The massive down bar shows more weakness than the overall market, so thats a good sign. Has a pretty good reward.
Several others caught my eye why flipping through the most actives. SPU and JHI looked great but werent available to short cuz they are cheap pieces of crap but thats ok. It happens often with cheaper stocks. Since i was still trying to ride the uptrend as of yesterday, i missed a really nice looking short entry in CHNG but its ok, ill just watch it and see how it does.

Exited FCX, FO, MCK and SNDK since the market appeared to be breaking down. A couple had biggish losses but their rewards were just as big or bigger, so thats ok. Today has been about saying "its ok...".

Now i want to see how i do through this supposed trend change. It would be really nice if it turns down and i continue to do well.

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