Closing GOOG March $540 position
Thursday, February 25th, 2010This morning our stop loss was triggered, and I took a hit of -52% on my GOOG position. I was thinking of holding the position, but hey…DISCIPLINE is my priority. Now with the bounde of the markets GOOGLE is rallying once again to the $530 level. FYI – GOOG chart is broken since yesterday, so be careful with the trading. Today, it hold the $520 level, which is great…I am a big believer in GOOGLE for the long term, and we can see this stock going back to the $540 or $550 level if the chart go above the $530 in strong volume. Happy trading everybody..!!!
ABOUT THIS AUTHOR
I’ve been trading since early 1990s in the markets. After having lived through the DOT COM crash, as well as the bounce thereafter, I realized that in order to make money in the market our EXITS are far more important.
Patience + Discipline + Money Management + System = PROFIT
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