Wednesday, January 6, 2010
i get the most ridiculous wicks with SPY. you can't even look at that chart it is so confusing.
breaking out on large volume. i happened to see the trade as the stock was coming in on that second bar otherwise, i probably would have bought the top and got stopped out.
as you can see from the orders, i originally wanted to short it, then switched gears and went long after my friend said it could be a double bottom. it was bouncing off of yesterdays bottom so i was in agreement with him. got stopped out. hard to tell either way if i would have made money.
breaking out on large volume. good trade. i should have shorted that doji candle but i did not. i need to be able to flip positions.
breakout failure. no real volume. should i wait for the volume?the first couple up moves had the volume but i missed them. part of my problem, do i initiate positions to anticipate a move, or wait for the move to start happening?
one big green bar. thought we could get a couple more. looks like it should have been shorted at that point. again, maybe is should have flipped the position.
breakout large volume, saw the stock earlier, but didn't pull trigger until later. need to just pull trigger. i think i traded it a dollar higher than when i saw it.
first trade -> breaking lows, but formed a hammer. stopped out, should have flipped. then it had a beautiful 50% retracement, could have reshorted it right there.
second trade -> breaking lows, large volume. wiggled around there for a bit, then retraced. could have shorted again but got scared.
about to break highs, no volume. bought the top.
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