Thursday, February 15, 2007

Interesting move on LMRA

Definitely did not expect it to happen right next day after I posted it on Members Site - therefore only had a chance to open 1/2 regular position in (LMRA) ( way overextended on margin now)
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* Above stocks picks ARE NOT SUPPOSED TO BE JUST BOUGHT OR SOLD!!! *
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2 comments:

StockRake said...

I also took a margin trade on LMRA and sold it with the 17% hit yesterday, however, because of margin/risk I sold yesterday and missed todays add on of 4%.

DavidDT said...

stockrake - if you were able to do what you say you did - you are much better trader than me ( and many others I know).
Al I was able to do on Feb 15th with LMRA was
bought at 4.69
trailed with 2% stop loss
stopped out at 5.06
what makes it about 7% profit in 20 minutes (counting that I used day trading power 2 * port size = 14% gain on portfolio is not too bad)
Plus I was able to hold 1/2 regular position overnight.
Regarding "missed 4% move" - money not made is better than money lost"
Again, congrats on your trade