Thursday, November 13, 2008

QID

I got stopped out of the QID trade twice.

BOUGHT: 83.34
SOLD: 83.00

BOUGHT: 83.56
SOLD: 83.36

It had a nice ascending triangle when I entered the trades. And I was watching the QQQQ falling off its descending triangle. But I didn't have the patience to wait for the actual breakout and it had me shaken out before the really nice move. DARN, should have trusted the setup.

Finally, I jumped in when it broke out:
BOUGHT: 84.13
SOLD: 84.67

I should have had the guts to hang on for the ride...but I got chickened out early. But the last trade was able to help me break even.