10/24/2007

Wow what a day the final tally doesn't even show how volatile the indices were today. I believe it rally due to rumors of a possible Fed's emergency rate cut. But whatever it was there will certainly be more of it until the end of the month. The past 3 days has been frustrating trying to trade these earning number, basically I was breaking all the rules of trading and gambled on many trades. I hate to gamble because I usually end up losing, which I did on amzn and ffiv. Today took a loss -3/share on ffiv bought amzn at 94 will take loss when it hits 91. Both were bad trades I should not have bought, instead I didn't follow the down trend and bought it anyway. Thus, I won't be trading for the rest of the week due to these 2 losses and a haphazard trading style. Very frustrated and disgusted.

Long
vmw 84.50
vsea 48.6
slb 101.42
amzn 94