Friday, January 22, 2010
bought/sold multiple times for a little change. i nee to learn to just hold. i find i can hold onto stocks when i am down, but not when i am up. trading not to lose, instead of trading to win. then later on, i thought i could get short it. i was right but late, had another chance later on, but i had left the computer. i may try to just concentrate on a few stocks, such as fcx, instead of consistently looking for ideas.
what do you think about them apples. New Rule: i have to wait at least 3 minutes before reentering a stock. holy shit, talk about chop. i was all over it, late to the party, but i thought we could get follow through. i was trying to short on the pullback, but then it pulls back so hard, you think it is a long. got to remember the overall trend.
i feel like i am so close to getting it. my ideas are correct. i am seeing the markets movements better but i just can't time it correctly so that my stops aren't hit. and if i get it correct, i get out after .25, what a freaking joke. i think FCX went a couple point after i got out for a .25 or so. got to have the same conviction i have when i am losing money as when i am flat or up. i have more confidence or blind stupidity to let a trade just work when i am down, but not when i am flat or up. i hit or for shit. i need to get the ball rolling correctly soon.
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