Trade Update - Pre-market 7/12/06

Yesterday was a wild day. At 1pm, I was up 16% on my trades, not bad! The market had broken through my support lines and my expectation was it would stay below it for the remainder of the day. Then around 1.38pm, the market entered into a crazy upswing to close in the positive. By the end of the trading session, my 16% gain finished up as only a 3% gain…

Below is a screenshot of my current trades.












I have made the mistake twice where I have exited a trade out of fear of what I think the market will do - Only to loose money. This time around I am going to adjust stops. After conducting an analysis, I have found that I am not going to do anything for about half my current trades. For the others, I have adjusted them down to lock in profits and/or minimize possible losses if we see an upswing like yesterday. Below are the adjustments that I have made.

.QAATY – Hold @ 57.60
.BATQ – Stopped out at 4.50 – What was a 500+ gain, ended up only being 30.07. Very disappointing. I am considering entering a trade in the other direction. I need to do my analysis.
.BNITO – Changed to 78.71
.DVNTL – Hold @ 63.35
.DOTQ – Changed to 81.50
.EOGTN – Hold @ 72.45
.ETTX – Changed to 22.45
.QMHTK – Hold @ 53.94
.LSSTL – Hold @ 58.33
.MLMTR – Changed to 88.73
.NXYUK – Hold 57.99
.NYXUK Hold @ 69.62
.AAOHH & AAOTU – No Stop – Playing with straddle.
.RIGTQ – Hold @ 81.57
.TRNTH – Changed to 39.01
.UNPTR – Changed to 92.50
.XBTTF – Hold @ 60.15
.THQVG – Hold @34.09

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 conduct your analysis 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