Trades Of The Day - UBS AG (USA) (Public, NYSE:UBS) & United Rentals, Inc. (Public, NYSE:URI)

Shorted $32.35
Closed position $32.21

Notes
1) Tighten my stop 3 times along the way to limit risk.



Bought $20.41
Stopped out $20.32

Notes
1) Should have put my stop at or below ORH. Nevertheless, I think the choice was right to keep my stop and take a loss.
2) Give up HBC for this. Big mistake!

Short Trade Of The Day - ITT Educational Services, Inc. (Public, NYSE:ESI)

Shorted $69.99
Closed position $68.68

Notes
1) Enter before 11:45 bar closed.
2) Spread was wide, so I only traded a very small position to minimize risk.
3) Should have cover right at the daily support $68.36 (blue line) from 01/23/2008.