Sold Google at 696.7

The day before, Google breached my 690 stop level and proceeded to a low of 680ish while I was sleeping. So today I resolved to cut my position and I sold it at 696.7 at a small loss of 0.5R. Normally I would lose 1R if I lose which is about half of the time.

For my keeper stock play, I enter half position size to be followed by scaling in of another half upon bullish confirmation. And that will be my full position for the keeper stock. And being a keeper stock, I tend to want to keep it for longer so my stop was at 2 degrees of support down, which is 690.

Alas the keeper stock breached my stop and I cannot keep it anymore. At least I can say I own GOOGLE for a week!

Bought Google at 753.74

It had a recent high of 774, that is an all-time high. My stop is at 690. This is a keeper stock meaning I will trail a loose stop if the price goes high. Remember risk small.

I doubt anyone is following my trade or will follow, because I always seem to buy at a high price. Well what works in normal life certainly do not work in the financial markets. People always want to buy cheap, me too. I always look for bargains in the supermarket, in restaurants, in the Great Singapore Sale etc. And once upon a time I do look to buy cheap at the stock market. Now I simply don't. What's cheap tends to get cheaper as it really reflects the weakness in the stock.

Notice that with my previous pick of ST Engg, my trailing stop was quite tight. For Google, I am having a loose trailing stop.

Please view the chart of Google here: (do some work and click on the link, will ya, I hate to spoon feed pictures in my blog, because anyone can access it on Yahoo Finance or MSN Money, and this is not a photo blog)

http://finance.yahoo.com/echarts?s=GOOG+Interactive#symbol=goog;range=5y;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;