Tuesday, February 5, 2008

IDMI- Easy Money

Man, this kind of trade probably won't happen again for a while. Once I sold out on my first trade with IDMI I had to put on another position when I saw the stock was up 130% from when I bailed out. I got in again at 2.65 and let it ride until 2.95

 

I think I made around 9 or 10% on this second trade but my position size was 1/4 of what the first one was. The profit was 2.5 times my first one so this was an efficient use of capital, lol.

 

The gap on the chart was when I closed the chart and took it out of my watch list. I added it back in to see what IDMI was doing and that's when I saw the huge jump and got in right away.

 

idmi trade chart 2

Related Posts by Categories



Widget by Hoctro | Jack Book

No comments: