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It was a tough day in the market today. I had six trades stopped out. Of the six trades, I averaged about a 1.7% gain on those six trades. I missed one, however. I thought I had a stop loss on AVE, but I didn’t. I have since corrected that. One of my trades that was stopped out was OSG. I made almost a 10% gain on that trade. SHFL, which I sold yesterday at a nice profit, continued its decline. I won’t have to worry about adjusting my stops tonight. Only URBN swam against the tide.
My current leaders are URBN +12.9%, CLCT +9.8%, POSS +6.5%, and SBUX +6.4%.
Even with today’s market action, I placed six more buy orders. Every penny is committed. This rally doesn’t look dead yet. But I do wish it had a little more enthusiasm.
Posted by Ted at June 9, 2004 8:11 PM