Loss on the same day

I want to ride CPST(Capstone Turbine Corp) since May but doesn't have the guts to do it. I am a bit afraid since its a 2% cutloss is like $0.06 below the buy price. There isn't much room for whipsaws.

So I waited and waited, and when I did bought some on 6/20/08, I get booted out on the same day where the low of the day just happened to be my cut loss. I wish I have entered when it hit its lower band early June but I didn't(I think I still had CRUS those times) and waited for the MACD cross. Bad choice I guess. And to add insult to injury, the stock had a high of 4.42 the next day. This is close to my target price of $4.45. I will be really staying out of the stock market for a while. DJI is also on a downward move. Maybe in a few weeks I will return.

Hit by an island reversal

I have been trying to ride F(Ford) since monday but wasn't able to... when I finally was able to buy at $6.55, which incidentally had been the cross of the MACD over its signal, I happened to notice that it has also formed a kind of doji. So a big white candle followed by a doji, spells something like a possible reversal.

And so the news came... JP morgan had some losses, etc. etc. Most stocks have started low and most, or probably all, went down. Ford had a low of $6.09 but closed at $6.22. My 2% loss got triggered and I am out.

Anyways, "goosebrava"... "goosebrava".. or whatever, I'll stay out for the moment. I need to rethink my strategy... obviously this didn't go well. My current batting average 2 wins-2 losses. So far, I am still up 5% and I wish I won't loose ths 5%.

Entering on MACD cross

Ok, i have said i will find another stock to buy but can you resistthat MACD cross at below 0. So I went in at $6.26 last may 27, 2008 with a stop loss of 2%. My target is still at 7.5. I will not create a trailing stop loss for now... so I will have to change the stops every now and then. Let's just say I want to lessen the unwanted triggers from all those bad news of oil and jobless figures.. etc. I have realized that if I hadn't had trailing stop loss from the start of my trade with CRUS, my gain would have been higher.

Anyways, after peaking at $7, I had changed my stop limit to $6.63. Good thing I did the change for the next day, all hell broke loose and it was a ~$0.4 drop. My trigger was set and I am happy with the $0.37 gain.



Now, I really will leave CRUS for the mean time. The MACD signal has crossed the MACD line, it might be signalling iminent danger. I must stop my infatuation with CRUS for now... so, thank you for the little gain CRUS!