Up... Down... Turn Around. Just Make A Decision!

Talk about a fickle market. I really do not know what to expect from it. It seems to be in this indecisive limbo where it refuses to make a decisive move in either direction. I hope that the $INDU breaking its short term trend line yesterday is a beginning. Some of the comments that I have read state that yesterday’s sell-off was unconvincing due to the lack of volume. They said that it needed to be at least 1.8b. I am not sure what to think myself. I am very thank-full that I am able tap into their insight.

Below is a screenshot of my current trades as of Market Close on 7/12/06.



It seems that not freaking out at the upswing a couple of days back and not giving into my fear was a good decision. By the end of yesterdays trading session, my gain had increased from 3% to 14% for the week and I did not lose any trades to my stops. This is very encouraging. I owe some thanks for this to Trader Tim and his June 13, 2006 blog post titled Don’t Make this Mistake, and the couple of negatives experiences of my own.

Below are the adjustments that I made to my current trades before market open today. I have adjusted them down to lock in profits and/or minimize possible losses.

.QAATY – Changed to 56.49
.BNITO – Hold @ 78.71
.DVNTL – Hold @ 63.35
.DOTQ – Hold @ 81.50
.EOGTN – Hold @ 72.45
.ETTX – Changed to 22.03
.QMHTK – Hold @ 53.94
.LSSTL – Hold @ 58.33
.MLMTR – Changed to 86.31
.NXYUK – Hold 56.29 – May be to aggressive, we will see.
.NYXUK Hold @ 69.62
.AAOHH & AAOTU – No Stop – Playing with straddle.
.RIGTQ – Hold @ 81.57
.TRNTH – Changed to 38.30
.UNPTR – Changed to 90.79
.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, come to your own conclusions and get professional advice from qualified professionals persons before making any investment decisions. I am no where near qualified to make such recommendations.

Good Luck - David