They always say never look at how well your old investments are doing. If they climb dramatically you'll only cause paralysis the next time a decision needs to be made.
It's impossible to fully predict short term market movements. I pretend to look at a chart and see a trend; oh it "seems" bottomed out, or "topped" out. However for everytime that I have called it correctly, there are an equal or greater number of times that I have been incorrect. An example, I was burned by LVAC bottoming out at @14, althought I wanted to buy it at a lower point. This increased my anxiety and desire to buy in quicker. Yesterday I was in at CYNO at 22.82, and had to sell positions in two other stocks. Both CVLT and TGI are up dramatically, 5-6% since I sold. CYNO, dropped 3-4% yesterday and has only just returned. If i had waited till day end; which is when I usually like to buy my stocks; I could have captured about 4 % extra yesterday and another 5% in CYNO today. This would have taken me up another 10% in 2 days.
All I've learned, is that hunches are merely hunches; I'll just have to trust my gut that CYNO will bring me > returns than keeping CVLT and TGI. Also, end points are extremely helpful, keeping to my endpoints in CVLT and TGI would have kept me winning; but then again, I am also missing opportunities (BW and ACTU) because of these endpoints. So here is another CYNO @ 26. HRP @ 8.5
I also ran amuck of Reg T yesterday, the 3 day settlement period is a B given my new trading style. Margin accts, eliminates this restriction with no cost; provided I don't trade on margin. Its so tempting though....
Still watching AFSI for the high 13s. BBSI as well. Terrible couple of days; but today is up and should return another 5% by early next week.
No new stocks catching my eye.
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