good day so far

did some light trading, in and out very fast. it feels as though the trade should go your way right away or it is not right. now, going the right way, does that mean in the money by .10 right away, or does that mean not hitting your stop loss in the first 5 minutes. the stocks i buy tend to move pretty slowly. which is killing me slowly. i have to learn to develop patience to let the trade work. but, i was ancy this morning, due to my lack of focus and bad trades on friday. i was taking profits as they came. but i think what i noticed is if the stock moves very fast in your direction take the profit. if it moves very slowly in your direction let it work. maybe the fast moving stock move are here for me to scalp and my slow movers are here for me to hold all day. currently i am holding AYE and it is just printing nr7's all over the 15 min chart. hopefully it will break. if not, i tightened up my stop to .12. here are the charts.

ilf - bought 32.88 (32.85) @ 10:44...sold 32.92(32.95) @ 10:52. i saw that this was some etf i have never heard of and it didn't have much volume. but, it was slowly moving my way and would have been an easy hold, no pain at all. FE pdl-orh



aye - short 23.22 (23.55) @ 10:57...still holding. shorting as it was breaking daily lows. fe pdh to orl



agu - bought 50.31 (50.28) @ 11:31...sold 50.40 (50.43) @ 11:37. stop set at 50.21. FE was set over opening range



clf - bought 22.38/22.33 @ 11:36...sold 22.28/22.30 @ 11:37. i did not like the way this was acting so i just sold it right away. did not seem like enough risk/reward even though looking back it would have been 2/1. stop would have been set below 11:30 candle 22.13 so about 22.11. i think i just got spooked by the company name cliffs natural. i was thinking they make those energy bars, HA! oh well next time.



rtn - short @ 11:38 44.37/44.40...bought @ 11:50 44.18/44.15. set stop at 44.58, 3 pennies above previous candle high. bought because i thought it would break the days low and wanting to get in early. i saw the past 2 candles consolidating and the candle i got in on was moving lower nicely. seemed to have a nice push behind it.




so i think today could have been much more profitable if i had held onto the slow movers. if i would have held onto rtn, i would be back at break even. another thing that will help my trading along is when i step up my size so that i can take profits on half and let the other half ride. then i don't think i would be so quick to hit out of all of the shares.