Tuesday, July 24, 2007
Significant day
Today I traded CFC, very thin stock. Matt told me about his position trading for past few days and I thought that this is the direction that I am going to, so I try to learn it. I ended up losing big and wining big. Although my day ended negative but I am happy that I tried this new strategy. One thing to note is that I should not trade too many shares with such thin stock as I am not fast enough in getting out my losers and also support/resistance level is very important too. So look carefully into them. Matt gave me a very useful report of his trades, basically describes why and when he got into trades. Anyway. I think I have plenty of rooms to improve. So be patient.
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