Thursday, March 29, 2012

Goldman Giveth and Goldman Taketh

Goldman Sach's upgrade of LNKD gave me one of my best trades on the month.    

Today, it downgraded WFM:

I was stopped out at 82.28 for a $275 loss.  This trade had been working extremely well as I bought of the low but then Goldman Sachs down graded the stock, causing it to gap down.  It appeared to bounce at 82.26.  (yea basically I got the worst entry and the worst exit)   I wanted to bang out the stock at the open but I wasn't in front of a screen.  

Trade Summary:  Shit happens!   This had been working and moving up in an orderly manner.  I would have faulted myself if I didn't sell a portion after a big move but that didn't happen here.  I kept the stop and damage to a minimum. 


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