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This is proving to be a tough market in which to make money. This is particularly true as governmental regulations prevent me from shorting the market. Today several of my trades were stopped out. I sold CHRD for a 4.4% loss, CMC for a 0.9% loss, GTI for a 2.1% loss, and NKTR for a 1% profit! Using very tight stop-loss positions seems to be saving my equity.
I also had the following buy orders kick in. I bought ENMC at $8.98, FLSH at $20.97, PLXT at $10.40 and PTR at $54.50. Unfortunately, every single trade sagged below my buy price by the day’s close.
Posted by Ted at March 8, 2004 8:54 PM