Thursday, October 29, 2009

Not A Good Day For Investors

I did not like the price action yesterday. It felt like markets will be going down, however not sure what % will be pull back. Decided to stay away from Stock market today. It was a good decision, stocks tumbled and break key resistance level at S&P. I doubted whether or not to buy GE here at weakness but I think markets will further go down.

3% Return Strategy:
- Buy a stock at weakness or strength
- Sell after 3% price increase, or 6% price drop

28 October 2009 Transactions:
N/A

28 October 2009 Positions:
N/A

Account Balance:
Starting Account: $10,000
Current Account Value: $10,078
Net Gain: $78

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