Thursday, December 01, 2005

Trading: Story of My Life -- AMD

Well...I hope someone took my advice because I sure didn't. Was I scared to pull the trigger? Nope. I was too busy between work and moving to a new house that I didn't have money in the right place at the right time.

Anyway, if you haven't noticed, AMD ran from around $22 when I first posted about it to $26 and some change today. That would be a handy little 20% gain in a little over a month, but you do have to take into account what you would have done had you owned a sizeable percentage of the stock.

Looking at the chart, it's likely that I would have pulled out during the pullback on October 27th. However, I do love to play October weakness so I might have stuck with it. Outside of the 27th, I would have been set as long as I had a provider with a trailing stop loss. In the past, I haven't, but I definitely think it's worth it to save time and potentially increase gains by relieving the pressure of watching a stock.

Anyway, I hope someone dropped a huge chunk of change on it. If you're still in it, make sure you have a good exit strategy.

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