If you follow my blog or my portfolio, you know where and when I opened these 2 positions. I was excited to see these 2 stocks each pop 6% in the morning and watched them slowly tanking to the point where my trailing stops kicked in. Were they good trades? I think so. I followed my game plan to the letter. One of my rules is that if a position is up 3-7% , depending on its volatility(or beta), it is never allowed to turn red. A lot of inexperienced traders might flinch here. One common thought they have here is “If I did not take the 500 dollar profit, how can I exit it just break-even?” This thought is very lethal.
As for FSLR and RIMM, I have been working very hard on checking my emotions to hold onto these 2 stocks. If you follow my trades, you know I have had them for quite a few days. It feels like eternity for me. I have ridden the emotional waves up and down quite a few times. If they reverse before they hit my targets, I have no choice but watch it happen.
My ultimate rule is “No human interventions are allowed once a plan is set in place.” Trading in hindsight, It would be really nice if I had booked the 1000 dollars on MOS and WLT. But that is just not realistic. :(
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