Stock Trading Plan for July 12, 2007

So we indeed got a bounce. My holdings did continue there slide down in general or at worst stumbled a bit. So lot of them are sitting with narrow range bars for today. Meaning there could possibly be a reversal if the market strength continues. I should not be influenced so much by one day’s action. I COULD just follow my standard trailing stop rules and let the market take its course. Most of the open positions would be mildly profitable with that. However, if it is a choppy day tomorrow, my positions will get just chopped out with the market only to move again in the direction of my entry. Recent analysis showed that had I let my positions open without stops, I would have made double the money with a flat stop after 20 days. Sooooo, I think I am going to let them move around a bit and just move stop to BE.

Mood towards market: A little apprehensive but not too wo