YHOOOOOO Down the Tube!

Its abit late... I had to get to work before I could upload the blog post I had written this morning. Anyhow here is what I had written BMO thismorning!
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Guess I was wrong about Yahoo! If I had of stayed in, I would be up 250% on the trade. Oh well, not to worry. I had my strategy mapped out and I stuck to it. I would be patting myself on the back if the earnings had been the other way.

One thing I have learned is that Discipline is the Key to being a good trader. It will protect you from your self!
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Below is a screen sot of my current trades as of market close on 7/18/06.

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. The anticipated bounce on the major indices did not occur today, but the expectation is still there. I expect to be stopped out of many of these trades in the coming days.

.BNITO – Changed to 73.36 – Probable time to get out of this one.
.DVNTL – Hold at 61.80 -
.DOTQ – Changed to 73.24 – Closed just above 72 @ 72.20
.EOGTN – Changed to 68.56
.QMHTK – Stopped out today for a 12% gain in 11 calendar days. I did not reach my profit target of 46.27.
.LSSTL – Changed to 51.78 – My 1st profit target is 50.07.
.MLMTR – Changed to 76.65 – The stock passed it profit target, it is looking to bounce. Its time to get out with a good profit
.NYXUK – Hold @ 62.55 – Still not stopped out!
.AAOHH & AAOTU – Straddle Play, still watching the numbers!
.XBTTF – Changed to 56.70 – It appears to be making a move now.
.RIGTQ – Changed to 76.14 – My profit target for RIG was 76.68. I passed my first profit target!
.TRNTH – Hold @ 34.77 – My profit target for TRN is 30.39.
.UNPTR –Stopped out yesterday for a 43% gain. I did not reach my profit target of 84.77.
.YHQVG – Exited trade yesterday before close for a 12% gain. Guess I was wrong about its earnings call. If I had of stayed in, I would be 200% up today! Its OK, I planned my trade, and executed it as planned. If it had of jumped, I would have been thankfull.

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