Stopped out of AAPL/Mental Stops

Stopped out of aapl earlier this morning. What I'm going to do from now on is still use a stop but I'm going to make it a mental stop. I'll draw out my stop and see it reacts to it. If it keeps falling then I'll sell but if it seems to stall out like it did here then I'll hold. There's been a lot of times I shouldn't of been stopped out but I did. CHNG for example, bought it at the dip on everything tanked and immediately got stopped and it rallied big time the next couple days. If I just kept that mental stop and watched it closely, I wouldn't of sold.

 

Not much else to say. Rallied in the morning real quick and fell and then stalled out. Stuck in another channel like Friday. Upper and Lower tredlines are starting to come to a point. Could see some serious action this week.

 

Bought AAPL

Wasn't planning on doing much today. Kept an eye on AAPL and saw it's been trading in pretty tightly in this channel and I wanted to see if it could break 167. I did once but the volume wasn't to my liking and it fell. About 10 minutes before the close today it broke above 167 on huge amounts of volume and I just had to buy it.

 

Got in at 167.10. My stop will be around 162 But I'll keep this in my portfolio for about a week to let it grow.

 

Sold AAPL

I have a Roth IRA on the side I make trades in with a longer time frame (about a month). I bought AAPL at 128.45 on 8/28/07 and just sold it about 5 minutes ago at 141.80. In good time too as the stock fell pretty good right after my order went in. Here's a 1 hour intra day chart of AAPL I just took. Orange circle represents when and where I sold. I don't have any plans as far as trades again for my IRA but RIMM, GS, and ZNH come to mind first,