Okay this is Surreal (4 for 4)
This time I bought WSPI (Website Pros Inc.)
Bought at 9.83 (MARKET ordered it)
Reason I market ordered it is because I have placing orders at 1-5 cents below. Mainly lately its been just 1 cent below current price. Then the stock starts moving and I feel like I've missed it and then the regrets start. First i tried to get it at 9.73 when it was 9.74, then it wet up to 9.80 so I placed a market order and it filled it in at 9.83 right away.
Being in the online sector you can pick up general sense of certain companies and how they're doing. Website Pros has some great identities like 1shoppingcart.com etc.
Well after being up already 2% in the day, once I bought it I placed a limit sell order at 10.40. Never be to greedy. The stock shot up much above that all ways to 10.90
Thats 4 straight stock trades I've done for profit using some simple steps mostly picked up Jim Cramer.
- First never hold a position for more than a week
- Do a least one hour research. Now this might seem hard for many people at first. Note that I'm in the middle of midterms right now and still have had enough time to sneak in this research. I researched at around 11:45 and bought close to the end of the bell.
This is one of the great things about not holding a stock for a long period of time, it doesn't strap you to keep researching the stock. Once you have time you start trading again.
So to close it up, for today, theres my net profit. (First field includes commision fees).

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