Another good trade which I finished earlier just now. I was rushing back from work and quickly look to watch the market for some $$ to be made. I longed overstockcom a few days back when I saw some bullish signals. After I longed, the next day or so, my positions turned red as the stock suffered some mini selling. It did not trigger my cut loss and hence, the trade was still ongoing. I bought the stock because saw big players were accumulating it and then they conducted a breakout for a small run. As usual, I did not and will not chase breakouts and waited for some good ws first before I found my entry.
For the next few days, the stock went up/down non stop where it suffocated my positions and played too much with my emotions. I told myself today will be the day I look to lock in profits because the Dow Jones is really near the top and should the Dow Jones collapsed, overstockcom will follow. Hence, when market opened, it jerked up and when I saw some minor crack and unloading happening, I got all my traders to lock in profits for short term while those who wants to swing can while I am not taking any risk. Made like $2600+ and it's a good profits for me since I could read the supply and demand zone perfectly. Looking forward to the next trade. Congrats to all who locked in profits with me!
Ron K - A Game Changer
