Pissed Part 2 6/21/2007

This should have been a banner day for me. I should have been the top dog in the VO today. I made one stupid mistake and it snowballed into a small loss day. As I said in my previous post, I have been doing on the open limit orders on my TD account to start a position and then use my IB account to add or fill a position. Today for some moron reason I entered the orders on my TD as premarket/day orders. I gone hurt a while back doing this and said I would never do that again. During the last few days, I have missed preopen spikes in some stocks, so being greedy I decided to break the rule. I paid for it in spades.

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I found myself in a bad hole really fast when I missed judge the spikes. I went into save my ass mode because the spikes where too quick to place stop loss orders in. TD has where you can place an order and a stop at the same time but it is a pain in the ass to use.

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So instead of getting filled at 40.15 in BAM I was filled at 39.65 and for VGR I was filled at 20.80 instead of 21.25. Quickly I was down 50 cents on each so the first stupid things I did was to cancel my short order in DYN which would have been a nice trade. Then the next stupid thing was I did not add to my position even thou the trade still looked valid. The third thing I did that was stupid was to try to get out at even on the trades. BAM dropped to my break even point. I got out not even looking at the chart. BAM went on to drop another 75 cents. VGR did not give me a chance to get out even. The last stupid things I did was to let this effect me all day long where my trading was useless.

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The numbers Gross -70 net -152 share trade 4400