Stock trading plan for June 19, 2007
No picks for today. Despite a consolidation day today, strangely enough, everything on my watchlist was fairly stretched out and not worthy for expecting entries. One thing that struck to me while scanning the watchlist was that so many of the stocks have made such nice moves in the last 3-4 trading sessions. And that made me think - where was I when they were making these moves? and then I recalled that last week I was a little lazy in making my watchlist and went through only the top 10 industries and skipped the rest 11-20 and ended up having a very small list. I wasn’t exactly lazy. I had let the mood at that time to check myself out of the market. At that time it seemed like that market could continue further down and might be at an inflexion point, and I didn’t want to be caught in the midst of that. But it actually bounced back, leaving me on the sidelines. Strange huh? That market leaves me on the sidelines so many times. Need conviction in my methods…
