sceen shot

some psychology links

http://forum.bigmiketrading.com/psychology-money-management/

http://cgi.ebay.com/Trading-Mind-Mental-Emotional-Training-for-Traders_W0QQitemZ7032567572QQcmdZViewItemQQptZUS_Audiobooks?hash=item1a32c7714&_trksid=p3286.m20.l1116

on the road again

if anyone is dropping by here i won't be back to trading till august 8th or so. i am currently earning a paycheck for a few weeks at an airshow in wisconsin. damn it feels could to get out of that arizona heat.

retracement to high.



tight stop but doesn't trade well the stock.



i should have loaded the boat, which i guess i did. 38% nearby and right at previous days low. i couldnt' tell what the market was going to do at this point, but it did end up going down. but my 11:07 short at .37 i don't remember hitting the buttons for that one. i wanted a better price. i should have shorted around .55. waited for my price then i would be very comfortable. i wound up with 300 short from .47. i piked out of this trade like a mother fucker. the reason being is my stop in my head was .65. and my average was .47. 300 shares @ .17 loss is a lot for me to take fight now. i got a bad price. i didn't wait and i should have. i should have gotten my first at .55, my second 100 at .58 and my last hundred around .50 or .45 wherever. i would have felt more comfortable. i didn't feel like losing around 60 bucks if the trade went bad. right now x is at .19 and never came close to my stop.

stopped myself for the rest of the day. trading frustrated. trading too much. -18, +26 comm. too much trading. not entering at correct price which i told myself i would.

shorted rimm the first time because of an "h" pattern. didn't work out. bought a little early on the pullback later on.

wanted to short aapl around .80 but didn't have the patience to wait. if i would have just waited for my price i would have been good. second time around, i tried to buy apple as it retraced to previous days high. a few mintues early.