Tuesday, January 5, 2010













breaking highs, large volume spike













breaking highs, not much volume















breaking highs along with ms and fas













shorting retracement from lows














shorting lows.













it looks like i had a rough day, but i was fine with it until now. during the day, i was happy i stuck to the plan. took larger share size today, and walked away when i was down $100. now, looking back, it is annoying how many bad trades i made. i get upset when i don't make at least one positive trade. i could have flipped a coin today and probably have done better.

i am not trying to place blame, but this morning i was having trouble with my monitors and computer. then after spending an hour getting everything working properly, i went to short 300 shares of CHRW and my executor connection was lost. it seemed lightspeed was having trouble with their connections today. that trade of course would have worked out, but there were probably another 100 trades i could have made today beside the ones that i did.

part of my problem is i get bored just searching for trades. then, while the market is moving, you make your trade because you don't want to look back and see that you should have taken the trade. i did not know what would happen with each trade and that is how you have to think. i was not upset with one losing trade after the next. it didn't bother me. no emotion. but they say you need to know your setups probabilities, but as a newbie, how do i know the probabilities or have confidence.

the setups didn't meet all my criteria but are they supposed to? i try to find volume picking up with my trade, but that only happened with one trade. should i have avoided the rest? i don't know. you look a SHLD and it grinded higher all day. i just watched and watched and watched. have to take some time to review the charts.

i think i may end up having this blog one day behind. it is difficult working on my laptop at home getting all the charts together. it would be easier to do it all at the end of the following days trading. but, then i will forget the reasons for the trade.

too much flip flopping in my head. i am sure you are all glad you are not in my cabesa.


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