Monday, April 16, 2007

Bad Trade

I’m still trying to get over my bone head trade in Volcano Corp (Ticker: VOLC). I did my research, but sold too early for a small gain (see previous post). All the indications were pointing to a higher stock price. I checked the stock price on Wednesday, 4/11, and it was starting to break out on strong volume in a weak market. I got a bit worried about the market and got shaken out of this position. A novice mistake! This was a sign of a strong stock! This stock represented a tiny position (less than 1%) in my portfolio, but the fact that I didn’t follow my game plan was / is frustrating. Even though I made money on this trade, I still consider it to be one of my worse trades this year. I need to get my mind back into the trading zone once again.


At April 23, 2007, Anonymous Anonymous said...



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