Wednesday, March 2, 2011

Sold BAA - $3.60 Buy SVM - $14.10

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I made two trades today, a buy and a sell.
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This is a 4 hour chart of Banro Corporation (BAA) which I sold at $3.60 per the price I had set in Tomorrow's Trades (Today!).
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Click on a chart to ENLARGE

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And this was my purchase of Silvercorp Metals Inc (SVM) at $14.10...also per the price I had set in Tomorrow's Trades (Today!).
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The big winner today was US Silver - up 14.10%.  I tried and tried to get an accepted order before the market opened today for USSIF and for some reason my broker's continual message was something like "this trade can only be closed".  What is that all about?
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Oh well.  Silvercorp should work out just fine.
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My TSI Trading record has been updated.


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2 comments:

  1. AllenuplMarch 3, 2011 at 11:34 AM

    John,
    Can you post an entry on the blog that explains the difference between your "Tomorrow's Trades (Today)" posts versus the trades you post here as your TSI Trades. Are they the same? I've looked around the site but may have missed the explanation.
    Sorry for any confusion.
    Thanks.

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  2. John TownsendMarch 3, 2011 at 6:46 PM

    Allen -- I don't regard the Tomorrow's Trades (Today) any differently than the trades I post as my TSI trades. If I had an infinite amount of money to work with, which I do not, I would buy every single trade posted on Tomorrow's Trades (Today) and hold them to successful completion.

    As this is not the case, I, like you the reader, have to pick and choose which trade, if any, I will do.

    For those trades that I have some spare change to work with, I buy and sell per the detailed limit order prices I have specified.

    I will tell you that this is an interesting challenge I am undertaking. The other day BAA reached $3.59 and were it not for the inflexible handcuffs I have voluntarily imposed upon myself, I would have just sold the stock somewhere north of $3.50 and called it a day. But the next day the stock spiked up to $3.65 and took my shares sitting with a limit order sell at $3.60.

    I'm not sure I entirely answered your question. If not, please pose a follow-up question so I can get it right the second time, OK?

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