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[Most Recent Quotes from www.kitco.com]

[Most Recent Quotes from www.kitco.com]




Answers to A Couple of Trading Questions

Brian Shannon (May 20th, 2008) Writes:
The point of showing my order book yesterday was to emphasize how my number one focus is always risk management. At the time I entered many of the stocks, I expected them to continue to trend for most of the day. Even with expectations for continued movement higher, I sold partial positions into strength early on. I tend to go in aggressively as momentum builds and then scale out into continued strength. It is never my thought that I am selling at the top, instead, I am trying to reduce risk by realizing some profits and reducing my exposure. There are many times that a stock will continue to go higher without me and I am comfortable with that because, as we saw yesterday, the market can reverse quickly and erase all profits if you do not aggressively manage open positions. Some people say ...

Bookkeeping: Cutting Solar Exposure

Trader Mark (May 6th, 2008) Writes:
Very busy day today! I am cutting all 3 solar positions today but with a caveat - all 3 are under a resistance level; if the stocks show enough strength to break above this resistance, I'll buy back. They have been mostly range bound (strangely) with energy prices ballooning but there is a lot of strength today as the speculators run from 1 sector to another in their rotation. Looks like today is solar's turn. Let me explain each one Yingli Green Energy (YGE) is in the $22.70s. If it breaks north of $23 (200 day moving average) than it's in far better technical condition and I'd buy back my stake I sold... right now it's still range bound but at the top end of the range Trina Solar (TSL) is in the $43.10s; it could still work all the ...

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