One Day Live Mentoring During Trading Hours via Yahoo Messenger |
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Tuesday, November 02, 2004
STEM:
Today volume = 60m, Ave Vol = 12m
High = 4.73 Low = 3.66
I spot it when it drops sharply and post it for stock watch
I missed the long trading when I went out for a break.
I gave mentoring lesson to Leo who took my private lessons
Here was the I-M (Yahoo Instant Messenger):
This was in about last hour of trading.
trader: i go to starbucks
trader: i am back
trader: stem we miss the long, that is ok
trader: are you there
trader: watch stem for breakout
trader: buy stem
Leo : how about sell stem now
trader: are you out?
Leo : yes
trader: you see you are crazy
Leo : I know
Leo : the market is falling
trader: watch my profit
trader: profit is over $650
Leo : when did you get in
trader: 4.20
Leo : what price did you get out
trader: not yet
Leo : did you get out yet
trader: get out at 4.37, profit is about $850
Leo : Are you there
trader: yes
________________________________________
Leo admitted he did not have patience. He did not make
money.
Leo needs to learn to be more patient and paper trading more
