Wednesday, November 12, 2008

Position Update II - HOTT Daytrade, Not So Hot Exit

HOTT - I used a daytrade to get out of HOTT with twenty minutes left in the trading session, which I entered about thirty minutes after this morning's opening. My exit could have been much better, but this stock is holding up well at the end of day, so I'm walking away with a small gain of a whopping $101 after commissions. Otherwise, the chart was nice, predictable, and boring until the last hour. When it gets unpredictable and the trade starts going against me, that's my cue to exit. My exit could have been much better, such as when there was a small increase in volume about an hour ago, but that's all in hindsight to me. Oh well, on to the next play folks!

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