March 1, 2011

It Pays To Moderate One's Greed

Yesterday, AEV went up from P40 to P47 for 17.5% profit in just a day. I sold all my holdings at P45 since my accumulated profit is already 20%. The greedy trader in me said - hold and profit some more but after more than a week of deprivation, the hungry trader in me said - enough and lock-it-in. The hungry trader's decision seems to be the correct one as AEV closed at P43.5 today. I think it will go down some more tomorrow.

My LiNDsay went up by 12.87% today. A good follow up to my AEVa's performance yesterday. With LinNDsay's performance, I should be extremely happy but NIKoLe went down today. A crazy movement because a quick look at the graph of nickel world market (see graph on the left) shows that nickel's price has gone up yesterday and today.

I continue to slowly cut losses on MACy. I have reconciled with vICToria (a few bites to taste). Let us see tomorrow if such is a good decision.

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