First Trades In...

I had to adjust my limit orders from yesterday.

The limit order prices I set were too low which resulted to me to miss a great rally today.

I kept my emotions in check and tried my best not to chase the rally by doing Market orders and at least I was able to put my position in at a reasonable price.

I was able to adjust my LO for XLNX from $31 (Too Low) to $33.00.  $0.16 more than the 03/28/2011 closing price for XLNX. As of this posting, XLNX's trading day range was $32.38-$33.14.  Had I put in my LO for $32.50, I would have ridden the rally to $33.14.  But then again, no use in crying over spilled milk.  I did not lose money and that's more important.

First lesson: Be mindful of my entry price.  Try to get a stock on a pullback but be realistic with your target price.  I may want to buy Apple Stocks but I'll wait for a long time before I can get it at $1 (as an example).

With 1 hour left till the closing bell, XLNX is holding steady at $33.04.

I tried to adjust my LO for LULU from $83 (again, too low) to $87.90.  $2.63 higher than yesterday's closing price.  Unfortunately, LULU broke it's 52-week high today and has stayed their for most of the day.  I have to re-evaluate my LULU strategy before setting up another LO.  In as much as I want to get in to LULU, I fear I may have missed my opportunity.  Well that's life.  There will be other Bull Markets for me to ride in the future.

Also, this will be the first and last time, I'll adjust my LO's.  The reason I put in the LO is get the stock for the price I want.  The key from now on is to be very particular (and realistic) when it comes to pricing my target price.