HSFTs, I have sinned... I overlooked a few key details with my recent AMD trade and I want to go over them with you right now.
The most important detail of all is that Intel earnings announcement is tomorrow! Moreover, I bought a key psychological level that hasn't yet proven itself as support and it turned out to be resistance.
So I'm going to use this information in tomorrow's trading session. If AMD drops further and there's enough of a reward for me to get back into the trade, I'm going to use the $4.75-$4.99 resistance level as a target to get out of the trade. There'll have to be at least $0.50 profit potential for me to get into this trade as I lost $0.30 per share on this recent AMD trade. So if it hits $4.25 in tomorrow's trading, I'm in.
I'm also eyeing BAC for another quick play tomorrow. BAC is before the bell and Intel is after the bell.
I lost a few horses over the past few sessions - a JRCC partial position that I sold too early that you're never going to stop hearing about, BAC partial position at a loss, BCS full position that I sold too early that you're also never going to stop hearing about, and AMD at a loss.
There's a Chinese story about a guy who lost a horse that I want to share with my fellow Market Buddy Crony Capitalist Equestrians. You can read it here...
But I mention this story because: I want to go to war with the bears, darn it! So I'm going to have to look for more horses and hopefully, they'll bring me back some more horses because I just love riding so much and I know you do too...
-2.11% SBA
-0.45% Roth IRA
-2.13% DJIA
-1.98% Nasdaq
-1.94% S&P
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