Tuesday, November 27, 2007

Making new mistakes

I thought I could ride this morning's bounce so I bought 3 stocks and put tight 2% stops on them hoping to glean 5 times my risk. If you've read this blog for any amount of time you are probably thinking to yourself, "I bet it didn't go the way he hoped it would." and you would be right. I stopped out of all of them within 30 minutes.

I guess I can chalk that up to another hard lesson learned. I'm back to cash.

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