Tuesday, May 15, 2007

Short, short, short !

The nasdaq looks like it's going lower. Dow is giving back most of the gains after the record high.

I covered URZ too soon in the morning, if I hold it longer I would have got more profits. But profits are profits, it's good to take profits. I am follow the markets closely, if it goes down I short, and shorting is the right move right now.

Let the profit run sometimes can make you lots money but I think protect your profits comes first in the short run.

Don't have 25,000 required to DAY TRADE

"The NASD provides that a pattern day trader
is any account that executes four or more round-trip
day trades within any rolling five-business-day period, provided the number of day trades represents at least 6% of the total trading activity during the same five-business-day period."


IVN
B:12.43
S:12.23
-1.6%
-1 reward point


AQNT
S:33.79
C:34.28
-1.4%
-1 reward point

URZ
S:6.37
C:5.97
+6.2%
+1 reward point


JADE
S:12.44
Great short,making profits right away

HLTH
S:15.4
Revisit

DRYS
S:41.2.4
Revisit
I want to get some money back.

Reward points:
0

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