Friday, September 28, 2007

Stepping To The Sidelines

Made some money in TSL and EXM on shorts and I'm choosing not to get overly involved in this low-volume market.

As far as swing trades go, I closed my DE position at $148.70 and my FED at $50.27. I also initiated a LAZ short at $42.37. "The Fly" best be right about that one...

So for now, my swing account reads:

100 POT
100 NMX
-200 LAZ

The good news on my swing account is that (as of yesterday's close) I made $1135 in it for the month. Doesn't sound like much, I know, but considering that I was down $1500 in it right after the FED cut, I'll take it. Also, I only traded this account with small positions... 100 and 200 shares. I may try to build those positions slightly in October if the market is still cooking.

Going surfing.

6 comments:

High Probability Trader said...

Glad to hear your doing well in the market. Don't look at ANW today, it will only make you mad.

Dinosaur Trader said...

Yeah, that stings.... it's my worst stock today because I tired to get short!

-DT

mdawsz said...

You forgot Sue Herera in your poll.

hrgreen said...

Yea, if it were not for my swing trade account! look at GIGM I loaded up on it (500) right after earnings.. But Im just lucky, Ive had a core position since May. So roller coaster baby!

Dinosaur Trader said...

mdawsz,

Sue Herera was not forgotten... unfortunately, I could only include 10 choices in that poll. I stuck her from the list. I apologize if she was the anchor you most wanted to sleep with. :)

-DT

Dinosaur Trader said...

hrgreen,

Yeah, I guess when swing trading is working it's the way to go!

Nice trade on that GIGM. Keep on keeping on,

-DT