http://www.uglychart.com/2007/12/15/my-position-trade-in-mercadolibre-inc-meli/ Beauty is in the eye of the shareholder Wed, 03 Dec 2008 20:12:06 +0000 http://wordpress.org/?v=2.6.1 http://www.uglychart.com/2007/12/15/my-position-trade-in-mercadolibre-inc-meli/#comment-35624 Ugly Sat, 29 Dec 2007 15:31:32 +0000 http://www.uglychart.com/2007/12/15/my-position-trade-in-mercadolibre-inc-meli/#comment-35624 yon: I wanted to buy MELI on a dip and based on the daily chart, I thought that I might be able to get it at support under $48 yon: I wanted to buy MELI on a dip and based on the daily chart, I thought that I might be able to get it at support under $48

]]> http://www.uglychart.com/2007/12/15/my-position-trade-in-mercadolibre-inc-meli/#comment-35621 yon Sat, 29 Dec 2007 11:19:22 +0000 http://www.uglychart.com/2007/12/15/my-position-trade-in-mercadolibre-inc-meli/#comment-35621 I know this is abit late, but why do you have a buy limit in there? What did you base that entry off? I know this is abit late, but why do you have a buy limit in there? What did you base that entry off?

]]> http://www.uglychart.com/2007/12/15/my-position-trade-in-mercadolibre-inc-meli/#comment-35576 uglychart.com: a blog about stocks » Blog Archive » Mercadolibre, Inc. (MELI) does it again Thu, 27 Dec 2007 07:13:32 +0000 http://www.uglychart.com/2007/12/15/my-position-trade-in-mercadolibre-inc-meli/#comment-35576 [...] Wow. MELI up another 20%+ today. I’m home in Ohio this week and haven’t been doing much work or paying attention to the market that much. But before I left, I was going over the stocks on my watchlist and I noticed that I really wanted to get some more MELI. I wanted to load up - it just looked very nice. So I logged into my account on Monday morning and bought a small position. I knew I would regret it if I didn’t. Before, with a hot stock like this, I often sold it after a great move - only to watch it move A LOT higher after trading right around where I sold it for a few days. When MELI wouldn’t drop much lower than where I sold it, I decided to get some - and boy did it pay off. Damn. I was pretty happy when I logged in today and saw it was up 8 points and then when I logged on again after the close and managed to sell half just under $73 (I bought it under $61 on Monday). MELI looks like a sure bet to $100 and beyond. This month has been awesome. I made more from trading than I did from my job. I can’t believe it. It’s one of my best months in terms of dollar returns even over the almost 2 years that I traded full-time. My account is up 30%. The crazy thing is that I am not even betting that big. I’m not using margin - my positions have been very small and my risk per trade has been very low. And I’m spending a lot less time trading and studying the market. I used to spend hours each day trading in and out of stocks. Now I am spending at most one hour in the evening looking over stocks. The amount of stress and pressure I have with trading has dropped from an overwhelming amount to zero. Mostly, though, this month has proved to me that I can be successful trading this way. I only traded 6 stocks this month and my trading commissions totaled under $30. When I was day trading, my trading commissions were over a thousand dollars. My biggest winner was MELI - second was FCSX. My only losing trade was with CRM. I’m still holding small positions in FCSX, GEOY, and MELI. [...] [...] Wow. MELI up another 20%+ today. I’m home in Ohio this week and haven’t been doing much work or paying attention to the market that much. But before I left, I was going over the stocks on my watchlist and I noticed that I really wanted to get some more MELI. I wanted to load up - it just looked very nice. So I logged into my account on Monday morning and bought a small position. I knew I would regret it if I didn’t. Before, with a hot stock like this, I often sold it after a great move - only to watch it move A LOT higher after trading right around where I sold it for a few days. When MELI wouldn’t drop much lower than where I sold it, I decided to get some - and boy did it pay off. Damn. I was pretty happy when I logged in today and saw it was up 8 points and then when I logged on again after the close and managed to sell half just under $73 (I bought it under $61 on Monday). MELI looks like a sure bet to $100 and beyond. This month has been awesome. I made more from trading than I did from my job. I can’t believe it. It’s one of my best months in terms of dollar returns even over the almost 2 years that I traded full-time. My account is up 30%. The crazy thing is that I am not even betting that big. I’m not using margin - my positions have been very small and my risk per trade has been very low. And I’m spending a lot less time trading and studying the market. I used to spend hours each day trading in and out of stocks. Now I am spending at most one hour in the evening looking over stocks. The amount of stress and pressure I have with trading has dropped from an overwhelming amount to zero. Mostly, though, this month has proved to me that I can be successful trading this way. I only traded 6 stocks this month and my trading commissions totaled under $30. When I was day trading, my trading commissions were over a thousand dollars. My biggest winner was MELI - second was FCSX. My only losing trade was with CRM. I’m still holding small positions in FCSX, GEOY, and MELI. [...]

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