Tuesday, January 26, 2010
chat room trade. worked out well for anyone who held it for awhile. in the chat room they got out so i did as well. i was afraid of what happened the prior day in HEAT.
breaking highs bug volume. my rule is to short these but this one seemed a convincing long after consolidating most of the day.
i shorted the start of that 5 minute candle thinking i could get in with no pain but i was wrong. they ripped it to about .90 or so, and then dropped it.
the final trade i made money on was just an angry trade. i should not have done it.
the morning trade was a nice break out of a triangle. i felt like i could short up top but didn't do it. then i wanted to short it again around the 2;05 doji but my order did not get hit. then i canceled, then it came back, and i was too scared to put the order again. looks like i would have been 100% correct.
short the retracement, it just didn't feel like it was going to work. also had a .08 spread which i did not realize at the time. i stay away from those bad spreads.
great morning, terrible afternoon. i got really angry not being able to make anything happen. it just frustrates me that last week i had everything right and made no money because of my lack of confidence. now this week it is much harder for me to see the market, so i am not making money either. i guess i thought this week would be like last week but it is not.
i need to figure this out soon. i am down about 800 w/ commissions, i think, for the year. that is not good. i need to be able to figure this shit out soon or at least have a couple great days. it is so hard for me to make 100 but i lose that in a split second, unreal. as you can tell i am frustrated. i will be reviewing all my charts this evening. i am trying hard to figure out where i am going wrong.
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