Trading for a Living

Interesting trading articles and my trading records.

Wednesday, January 18, 2006

Bought 100 WFR @ 24.84, yesterday. It hit the stop loss 24.00 today. All tech stocks went down due to earnings disappointment by Yahoo and Intel. This is one of the reason the stock went to a low of 23.95. Surprisingly it finished the day at 24.51. Not too bad. Earnings release is scheduled for Jan 26. It is safer to buy and sell this before that. It is on a very nice uptrend. Loss on this trade - 84 cents per share.

The MACD was going down whereas the 22 day EMA was up. MACD histogram going down when EMA is going up would have kept me out of this trade from the beginning. This was a mistake that I realized after I put on the trade. Wait till the MACD hits the low and starts going up. That's the time to buy this puppy again.