A Good Week for Me

As everyone was waiting for a big pullback this week the market just kept going. Target increased around $3/share yesterday and another $1 today before coming down a bit. Now that was an opportunity. I missed the bump up but shorted it on the way down and made a little bit of money.

I put a stock ticker on the left side of the page that you can used to get a quote and I also put the status of some I am working with in it. I will try to change the stocks presented as I change my portfolio. Especially if I start getting some traffic to this site. I need to put a web counter in, or you could just leave comments. If anyone would like to trade links and is interested in the stock market, leave me a comment with your address in it.

Lets go make some money!

Investment Strategies

As the title implies, at this time I believe in a strategy that involves taking a long approach and investing in a few proven stocks and playing the short game and trading quite a few stocks. My father told me "It is just as good making a little money a lot of times". What he did not tell me was that it is much harder to become emotionally detached to your portfolio when trading short term. Today was not a particularly good day for me as far as stocks go, but I know that the longs will come back up. When short term speculative stocks pull back, I try not to panic. Everyday I learn something new. I did not learn this today, but when a trade starts going south SELL. At what point do you sell? 5% down, 10% down. That is up to you. You should have a strategy going in to a trade. I have my own strategy but I will save it for another post.