I sold off the rest of our Citi holdings at $3.48. I am looking into other stocks at the moment. I have been busy but will update again this week with my picks.
Our Forex account is doing very well. I shorted at EUR/USD at 1.42 and it is currently 1.387. That is a nice profit, but I think it will go lower. I adjusted our stop loss to 1.40.
WIWS
Tuesday, June 16, 2009
Monday, June 1, 2009
Flood Gates
I sold a third of our position at $3.70 after Citi began to decline some more. Since we bought in at $2.78, we didn't take a hit, we simply did not get all of the profits we wanted to. After selling out of that position, we are left with $387 that we are waiting to completely settle. We still have $187 in Citi that I am going to watch closely.
In the mean time, I am going to look for more stocks to put the $387 to work. One stock I have been watching is KOG. It is an oil company and I was thinking of buying in at around $0.98. It currently went up to $1.28, so we may have missed the train. However, I see a correction coming soon to about $1.06 and we may buy in around then.
On the Forex account, I shorted the Euro at 1.4187. I had another short order at 1.4236 but it only went up to around 1.4224. Close, but it did not trigger. I have two short orders in already, 500 each, at the 1.4187. I am thinking that the Euro will weaken to about 1.364. This would give us a nice 400+pip profit.
Some goals I have written up for our Forex account are:
1.) Make and keep profits
2.) Trade every week, preferably 3 times a week.
3.) Try and make at least 10 pips of profit when I trade.
That is it for now. I will keep this updated about the Forex trade.
WIWS
In the mean time, I am going to look for more stocks to put the $387 to work. One stock I have been watching is KOG. It is an oil company and I was thinking of buying in at around $0.98. It currently went up to $1.28, so we may have missed the train. However, I see a correction coming soon to about $1.06 and we may buy in around then.
On the Forex account, I shorted the Euro at 1.4187. I had another short order at 1.4236 but it only went up to around 1.4224. Close, but it did not trigger. I have two short orders in already, 500 each, at the 1.4187. I am thinking that the Euro will weaken to about 1.364. This would give us a nice 400+pip profit.
Some goals I have written up for our Forex account are:
1.) Make and keep profits
2.) Trade every week, preferably 3 times a week.
3.) Try and make at least 10 pips of profit when I trade.
That is it for now. I will keep this updated about the Forex trade.
WIWS
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