The Student Loan Ranger

Learn a lesson from every trade:


I knew I was right about TSO, but my entry was horrible. I even said it was a value entry at $16.40 on yesterdays post, but didn't enter because I was on tilt. Holding my original position would have put me on over $350 at the moment.

Lessons:

• Stick to your gut shot
• Loosen the stops (I have to learn to do this)
• The trade is all about the entry in this market

Really struggling again today with my timing in getting back from college. 15:30 is just too late to catch the good entries. I'm also shifting my focus into sectors and indices as they allow for better risk management and lower commissions.

Not much happening yet, oil is smashing it's clout around. UAUA is dumping, and GM is still holding $10.

I just realised that TSO popped to new highs and is now at $18.35 which would be profit over $450. A lesson learned indeed!

From my swing list this week, AMD is getting close to entry. Nice move in LSE today, waiting for confirmation tomorrow. NVDA struggling to hold and showing some weakness, while the other techs SDK and TXN look Ok. Other UK stocks showing irrelevant movement.

Market looking OK today, shame about some missed trades, the 14:50 to 15:10 window provides the premiums.