tradersams blog

all close

ALL:  Closed my position in Aristocrat Leisure today at 4.08 for an 11% loss.

Bought the share after a bounce thinking it would continue to bounce – however price fell, until today it passed the previous low, so time to bail.  Lower low = down trend… always did, always will.

WTF:  Had an entry trigger fire at close of market for Wotif.com and a buy order placed.  The position was pulled as I had insufficient funds (due to purchase yesterday) so this trade did not eventuate.  This would have pyramided me into WTF, so I might keep an eye on it and take an entry tomorrow.

Noticing today a few of my trades are not holding ground.  Me thinks I need to do some self analysis on the weekend to see whats going on…  Is it me or the market?