MKTX Profit Taking
I took profits in MKTX after the strong move from the 22nd of February. Look to add to the position when it hits the 21 day ema. ShareEmailPrintDigg
read moreSMTC Trade Exit
SMTC was sold because it closed below the stop loss for two consecutive days. ShareEmailPrintDigg
read moreCisco Systems (CSCO)
Cisco has been very weak recently. As a result, I sold it and will use the money to add to other positions. The primary motivation has been its inability to hold its 21 day EMA in a market that rewards large-cap technology stocks. Cisco was purchased on the retracement following a Sequential Breakout. ShareEmailPrintDigg
read moreKLA Tencor (KLAC)
The initial break below the stop loss point was catalyzed by an analyst downgrade. I gave KLAC some room to bounce back but it never got back into the previous trading range so I sold my position. ShareEmailPrintDigg
read moreGreed and Fear with Netgear
A disciplined adherence to a sound trading plan is the only defense in the struggle against greed and fear. This lesson was on display with the trading in NTGR over the last few days. Last week I wrote about a nice setup for NTGR and laid out a complete trade plan including entry, stop loss, and price target. Unfortunately, NTGR didn’t pull back enough for me to buy it and I watched in amusement as it rocketed higher. In my less disciplined days I might have feared missing out on the move and bought above my planned entry point. Now I just move on to the next trade because there are...
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