Thursday, August 20, 2009



















didn't want to push my luck in aig with one last trade. that thing is a beast. i'll get back to doing the charts soon












don't know why i got out at .02. i have to start writing down my reasoning. i know the prior candles high was .05












trying to short the retracement. got out as it went above .82 which is .03 above the 10:15 candle. looking back, i could have given it a few more pennies, but they say you need to respect your stops because when you don't it will kill your account. and the problem is, if i wouldn't have gotten out, the trade would have worked, and then i would be less inclined to respect my stops next time. lose lose situation. either i need to get better prices, or i need to scale in more and take more share size, or i need wider stops. have to figure it out as we go. i also plan on printing all my charts, and going over them in the next week or so. i have to see what i have done wrong in the past so i don't make the same mistakes. i feel i am getting slightly better but i need to find these picks and have confidence in them.