Wednesday, October 9, 2013

Wednesday's Outcomes: GRPN, FB, IPG, YELP, FIG, PNK

I opened a bear position in GRPN and have updated today's analysis with details. See "GRPN: Downtrend in an uptrend".

I removed three stocks from the shelf of symbols waiting to be rolled forward into new positions. See "No Roll: FB, IPG, YELP".

I removed two stocks from the Watchlist of symbols waiting for an opportunity to open a position. See "Off the Watchlist: FIG, PNK".


My trading rules can be read here. And the classic Turtle Trading rules on which my rules are based can be read here.

By preference I place my trades in the last half hour before the closing bell in New York. See my essay "When is the best time to trade" for a discussion of the practice.

Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.
No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.

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