After watching the pre-market gap ups, I decided to move my stops on both of these positions to just under the pre-market lows. The idea was if they couldn't follow through and take out the pre-market highs, chances were high that they would rollover. I didn't want to repeat the same mistake I made last week with
AAPL (giving back $1.00 of profit). It turned out to be a good decision as I saved myself $0.80 on the
AAPL trade and 0.30 on the
Qs. A big thanks to Glenn for forcing me to analyse my mistakes!
After watching the pre-market gap ups, I decided to move my stops on both of these positions to just under the pre-market lows. The idea was if they couldn't follow through and take out the pre-market highs, chances were high that they would rollover. I didn't want to repeat the same mistake I made last week with AAPL (giving back $1.00 of profit). It turned out to be a good decision as I saved myself $0.80 on the AAPL trade and 0.30 on the Qs. A big thanks to Glenn for forcing me to analyse my mistakes!
1 comment:
I think I may be better off staying out of tech for a while. Any sort of pop is quickly sold off and you need to watch it closely to make any money at it. I've been holding out for a technical bounce but it doesn't seem to be materializing.
I think I may move some money into and Electronic Arts (ERTS) and Cigna (CI) or Aetna (AET) on Monday.
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