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holy sh*t! what an afternoon. that was a crazy. probably what it was like back in 2008.
X - i shorted the lows which is something i do not want to do. so i covered it immediately. i would have felt comfortable though had i caught the short earlier on at the top of that bar.
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first i tried to short the pop. but it was too strong, so i covered and went long.
lesson: go with the pop when the market is popping as well.
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just scalping.
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consolidation to the extreme. i can't remember why i covered. i should have kept an eye on it for later on.
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first purchase was because i thought it was going to keep going higher. obviously, that was just a retracement. how do you tell a retracement from a new move? i haven't figured it out yet. to me, that is a sharp, violent retracement. i thought retracements are supposed to be smooth and gentle. and volume was going up. looking again, i could say that it was a new move but it would be wrong.
the rest of the day i was just scalping it non stop. it worked. maybe i need to move down to the 1 min or 3 min chart and just scalp since i can't hold to save my life.
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ripping.
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i drew a triangle from the morning high to the 11:15 high. i bought when it broke the trendline. it continued back down. looking now, it looks like a double top at the 50% retracement, and then a double bottom at the lows of the day. it is easy to see all this at the end of the day.
scalping aapl. to crazy of a stock for me. as well as gs. i need to stay away from them but they are addicting.
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