Showing posts with label tpx. Show all posts
Showing posts with label tpx. Show all posts

Monday, December 3, 2007

TPX- Nothing Exciting

Bought in at 30.39 everything was looking good. It stayed solid while the Q's were falling and once the Q's made a turn around TPX started to stall and do nothing. I look away for a few seconds and look back and see that it's now down to 30 bucks. I'll admit, I was pretty damn scared so I sold half my shares once it got back to ground zero at 30.41

 

For the next hour it did nothing. I contemplated selling the rest of my shares but I last time I did that the stock rallied like crazy. I held my ground, stayed patient and moved my stop to 30.30 from 30.10 Next thing I know out of know where it shoots nicely but not quite to my target of 30.99 so I still held my ground and didn't sell yet. It started declining right after it peaked which told me there was a lot of fear and so I held a couple more ticks and finally sold out at 30.48

 

Not a good trade but not bad either. I was watching CCC at the same exact time I got in on TPX and I actually pulled up CCC before I saw TPX which is the one I should of traded. But hey, what's done is done. I don't second guess myself but I do make observations. We'll see what tomorrow brings.

 

tpx trade chart 2

Friday, November 23, 2007

TPX- Horrible Trade

Oh man, where do I begin. Maybe it's from all the turkey I ate or that I missed a day or what, but I screwed up big time. My entry was fine I got in at 30.04 and I put my stop at 29.80. Now, I have no idea what happened but apparently I canceled my stop order and had no idea because when TPX hit 29.80 I wasn't being sold. I go to check my order status and it says I'm canceled. A few curse words later and I put in a new stop loss at 29.75 and this time I put in a market order to sell not a stop loss. So I immediately sold out at 29.68.

 

1.5R loss because I can't pay attention to what the hell I'm doing. The black line was my initial stop loss but the green line shows where I actually got out.

 

tpx trade chart