Monday, May 5, 2008
Monday trade - WM
Today was really choppy so I was on edge. I had a good entry in WM but then all the other banking stocks made a big move up. In retrospect staying in this trade would have been good, but exiting seemed right at the time. I've noticed that on low volume, choppy days, there is slightly less herding among stocks within a sector. On these types of days I will place less importance on what stocks in the same sector are doing going forward.
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