TOMO - I had kept an eye on TOMO all day as it hovered in negative territory during most of the day. I noticed that positive momentum was building up in this stock, pushing it higher with more volume, so I decided to finally close my position with twenty minutes left in the trading day and bought all my shares back at $2.90. After four days of patiently waiting for some kind of sign that this stock just might finish the day green and riding the downward momentum, I pocketed a cool $1286 after commissions! My best trade yet simply by waiting on the sidelines and focusing on just this single stock; I don't have much capital anyway, so I try to keep my focus narrow.
Current account size: $12654
My total gains: +$2654!!!
10.22 gain short TOMO: +$1286
10.17 gain short RDA: +$196
10.9 gain short TMA: +$606
10.6 gain short RZ: +$566
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9 comments:
Wow..way to go ... congrats!!
This is FANTASTIC. Congratulations!
I really like the extremely methodological approach you have taken. You deserve all the gains you have made!
RJ.
Yeah...methodological,see doesn't have to be boring..impressive
Great work!
My account is exactly (actually $12 below) where I opened it two months ago, and from looking at your results, I have a feeling my lack of gains is due to overtrading. I have had 4 big winners and about 15 small losers; Hopefully, seeing your more consistent and "methodical" approach will allow me to cut down on my trading.
Keep up the good work!
-wnkender
And to think...I've been sitting on the sidelines since Thursday's opening bell just watching TOMO slide everyday until today. Not much action, but it did test my patience every day!
Nice job how did you pick TOMO
Wow! Great trade!
Matt...I've been there! Learn from your losses dude. Don't overtrade. Don't force the action. One of my favorite athletes is Air Jordan...he never forced the game, he let the game come to him.
Alan...I will do a post on how I picked TOMO just for you dude. Actually RZ could have been twice as profitable compared to this trade, but I learned what I did wrong, from Laura of GOTS, and quickly adapted by letting this winner ride after the second winning day.
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