My goal this week is to break $6k... again.

My apologies for not writing since last Tuesday. After my "Emotional Trading... again" post, I only made 1 trade the rest of the week... ticker: SPAR. I was down a total of $260 for the week, including commissions... so nothing to lose sleep over. Plus I didn't trade at all on Friday because I was quading aka as four-wheelin' aka havin' a good ol' time! YEEEE-Haawwww!!

Yeah it was fun... got super dirty... almost flew over the front end once (which could have been potentially... uh, not good!) and was sore in places I forgot existed! Note to self... get back to the gym you lazy bastard!!! (I've actually been going, but I was still sore).

Yep, since my previous city life is on hold (I'm in the country now), I'm taking up some new hobbies... one of them is quading. I like speed, so it seemed only appropriate! Anyhow, this week I set a goal for myself to crack the $6,000 level... again. Which means I need to gain $540ish dollars to do so.

I'm currently holding SPAR-tuns!!! o/n... I shorted 1,500 shares of SPAR @ $3.49 this morning... sold WAY to early @ $3.30 (because I played it wrong... will explain that in a second). I re-shorted another 1,000 shares @ $3.13, which was way to low... added 500 shares to my position @ $3.30... so my current position is 1,500 shares @ $3.186 average price.

Looking at the chart SPAR hitting $2.85 tomorrow is not out of the question... if it breaks that... who knows how far it will drop.

The reason I said I played SPAR wrong is because I played it like I played SIL... which is/was a much more volatile stock. I know to play stocks like SPAR... with greater patience. With a LOD of 3.05, I got out way to early... and then I told myself to wait for the squeeze, but I got impatient and re-entered way to soon at $3.13... oh well... when I saw it basically consolidating at $3.30, I added 500 shares to my position.

Not the end of the world... I'm still ahead as it stands now... up $145 on the day (was $285 up on my first time shorting). I'll be patient and hopefully cover around the $2.85 area. If all goes according to plan, I'll have reached my weekly goal tomorrow.

We shall see...

PS - I got SPAR from Muddy at the darkside blog. Thanks Muddy.