Wednesday, May 23, 2007

I think I should stop trading for the day, closed most positions, the market is turning ugly. Thanks HMIT, you made my day.




8 comments:

STOCKY Irishman said...

Is that like 10 equities! How do you trade so many different stocks at once and not get ripped or whipsawed?

slotmonkey said...

ESRG is getting the dump right now, 2.40 to 2.17 is a flash.

STOCKY Irishman said...

$1600 in 1 day pretty good. I haven't had a day like that for over a month. My acct has been flaged Just went under $25K. I've got 5 days to bring it up and over. I was up about $300 on VLO this morning then got whipsawed by the gas inventory #'s. :(

I name you the "PT Oracle". :)

PennyTrader said...

Well, I've to watch my screens like a hawk, I even didn't have my lunch yet, lol.

PennyTrader said...

Stocky, this is the kind of plays I like the most and I used to do it the best. I am not putting $20K to make $1700, I put only $2K capital into this HMIT and made $1700! So what's the risk?

PennyTrader said...

Stocky, you might consider to switch to my broker to get ride of the DBP issue. If you make quite a few trades a week, I can have them to cut the commissions down for you.

PennyTrader said...

slotmonkey, I left a message for you on your blog early today, I guess you didn't check. I suggested you to lock in profits on ESRG.

slotmonkey said...

Thanks for the suggestion, Dr. Penny, I'll be looking to sell off a partial to lock in at least some nice profits.

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