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Momentum Trading with RaginCajun

RaginCajun
Joined Jan 27, 2008
7,405 Blog Posts

Chop Fest

RaginCajun Tue Jun 10, 2008 11:51am EST 7 Comments

I can already feel myself over trading. So far I am down for the day, which is a rare occurrence as of late. It might be wise to let the dust settle before taking on any more trades today.

Check out today’s chart toppers

Note: I added to my [[GU]] position @ 12.50– long-term position.

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7 comments

  1. boca
    boca
    June 10, 2008 at 12:13 pm

    I had to shut down my screen too, a tendency to overtrade is one of my faults, which at least I’m honest about, I guess. I’m going to try and take a break this afternoon, by tomorrow I will have a fresh outlook.

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  2. Boston
    Boston
    June 10, 2008 at 12:16 pm

    buy SM

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  3. RaginCajun
    RaginCajun
    June 10, 2008 at 12:17 pm

    Boca, I’m right there with you.

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  4. Juice
    Juice
    June 10, 2008 at 12:28 pm

    http://www.thestreet.com/_rms/s/china-mail-bag-whats-up-with-gushan/video/strategysession/10420306.html

    thestreet.com vid on GU

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  5. BOOMER
    BOOMER
    June 10, 2008 at 12:32 pm

    I’ve been frantic since winning nicely a few days ago. Trading like a looser [sic] degerate OTB guy. I determined I was too leveraged, trying to make something happen. D U M B.

    Back to sanity now.

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  6. Hattery
    Hattery
    June 10, 2008 at 12:34 pm

    lol boston, wtf, he says he’s over trading and you tell him to buy SM now after it is up like 10% past it’s breakout after 2 days?
    Giving someone who’s overtrading a stock pick is like handing an addict some crack.

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  7. Employee8
    Employee8
    June 10, 2008 at 2:42 pm

    GW just notified of an offer to sell out for $9/sh cash & stock

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