I've been trading ENG for several months now. Mostly on a buy and hold method. I got it around the low $2.00 range and rode it up to around $10 and then back down. I sold some around the $8 range and I've been getting in again at $6 and $7. It's now at $9.31 this morning and has been on a steady climb. This stock trades on lower volume and on the NYSE which makes me pause about putting in a protective stop. As for now....still holding.
Trader Tyler
Wednesday, January 04, 2006
Trading methods
I took several weeks off from constant trading for several reasons.
1. The market was killing me and I think it's best when getting chopped up to stand back and reassess what's going on.
2. The market during the holidays seems to be a bit to unpredictable to me. Maybe that's just me, but with a lot of people on vacation I decided to do the same.
3. I need to reconfigure my trading methods and basically calibrate my methods for risk control. I was too heavily leaverage on option contracts and the risk/reward was just too high.
Trader Tyler
1. The market was killing me and I think it's best when getting chopped up to stand back and reassess what's going on.
2. The market during the holidays seems to be a bit to unpredictable to me. Maybe that's just me, but with a lot of people on vacation I decided to do the same.
3. I need to reconfigure my trading methods and basically calibrate my methods for risk control. I was too heavily leaverage on option contracts and the risk/reward was just too high.
Trader Tyler
2006 and up we go?
It's a new year and the market headed straight up. I think we will see some a positive economy this year, unless the Democrats muck it up with their tax and spend ways. However, being the optimist, I think that even their heavy handed politics can't subdue what we are going to see this year.
Trader Tyler
Trader Tyler
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