Friday, May 18, 2007

Review

My goal for the remainder of the month is get the account balance above $3000. I reached the goal but couldn't maintain it. So, get above that level and maintain it and then reach a higher level.

I've making many unsuccessful trades lately. I need to do more research before I jump on board. I was too casual to make buying decisions but still manage to gain a little. I should follow some important rules and don't over trade.

I was lucky twice not getting burn from the AQNT. I wasn't flexible enough to long this stock. Otherwise, I would have made some big gains.

On the other hand, I need to learn how to better take profits. Should I let the profit run or take profit fast before it's gone. In most cases, taking profits make more sense.

I am ready to increase the position size in order to make better gains. Next week I want to see a better performance from my picks.

OK, I need to recharge my battery in the weekend and get ready for a profitable week !

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