Friday, July 21, 2006

Its Friday, I had to drag myself out of Bed Today

I slept in because I knew my trade review would be quick easy for me today. I am holding all my positions today with not stop changes. I have started looking at my watchlist for some trades to enter next week. I hope to post something about them on the week end.
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Below is a screen sot of my current trades as of market close on 7/20/06.


As usual, below are the adjustments that I made to my current trades before market open. I have adjusted them to lock in profits and/or minimize possible losses.

.DVNTL – Hold at 61.80.
.EOGTN – I stopped out of EOG yesterday for a 7% profit. Some of my stops are too tight. I still should be in this trade. EOG & DVN are trading very similarly.
.AAOHH & AAOTU – Straddle Play, still watching the numbers!
.RIGTQ – Hold @ 75.79 – My 2nd profit target for RIG is 70.04.

For anyone reading this, just remember that this is my personal trading journal. I do not recommend that you enter any of these trades or do anything that I choose to do. Theses trades and stops are based on my own analysis and conclusions. I recommend that you develop your own trading systems, strategies and rules, conduct your analysis, come to your own conclusions and get professional advice from qualified professionals persons before making any investment decisions. I am no way near qualified to make such recommendations.

Good Luck - David

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