filed in My Investments on Mar.06, 2009
Well its Friday and I am sure everyone reading this has plans for the weekend.
I am sure that if you have read my posts this week, you already know my bread winner stock for Friday:
(SKF) was my play today and got in with a stop loss in place a few dollars shy of my entry price of $231 for 50 shares and out at $256. I got in at a point when the DOW seemed to have peaked in the morning and basically sold within 1hr of holding my stock for the profit. I am fully aware that SKF did move higher before coming down but again, greed will cause failure. I made a healthy profit today and walk away this week happy.
Total profit on (SKF) today: $1250!
So for this week, in total, from trading only (SKF), I made $4669.50 in 5 days! This was with very little work, very little involvement and could have been done by anyone out there with a little time and energy!
Here is the wrap up for the markets on Friday:
Hopefully you all managed to pull out some profits this week. Friday an exceptionally crazy on the markets with movement up and down and a final 150 point rally in the last hour. This was totally thanks to oil which I wanted to get into but just could not find the time to pull a trade. Another play that some might have saw was (GE), yes its up Friday, but many people are still against this stock.
Here is one perspective to sell (GE):
For GE, news did come out saying that write-downs may not be as bad as they were initially expected, but I will agree with the last video that April is a good time to wait until to see where this stock is heading.