Today

Charts:
DOW @ 10741 it broke through MR @ 10719. I'll see if it holds.
NASD @ 2220 its a new YTD high. It must hold above 2219 to be considered strong.


Transactions:
11/17/2005 - bought AMT @ 25.45 on a buy stop.

Current holdings:
AMT
AX
CHS
GOOG
UHN

Insights:
A few nights ago, Cramer suggested buying stock a little at a time in order to establish a position. It occurred to me that I could use this to buy stock that I really want to own but was afraid of overpaying or chasing it. I used this to buy GOOG, CHS, AX. It has allowed me to establish a position. Now I must consider when to increase my stake in these companies.

As I was adjusting my stops, I started thinking about something I read. It goes like this, 'The market is someone on the other side the trade trying to take your money.' Another passage states, 'If they market gives you something, don't let it go back.' This thinking made me place my stops tighter, because someones on the other end of the trade is trying to take my money. I must not give it to them.