Monday, January 25, 2010
nothing working today
shorting the bear flag. it retraced and i shorted a little more. i put a bid at 1R and the rest came to break even.
it is not part of my plan to be shorting lows or buying highs, but i think when it consolidates or flags at the point it should be okay. i will have to look at my parts charts and see how that has worked out in the past.
chatroom was talking about this one. normally, my plan would be to short the first pop up and be done with it. i bought into the flag setup, and was up nicely waiting for a breakout over 14 to sell. well, the son of a gun dropped that a rock. all the bids disseppeared, jeez that was nutz. stay away from thin stocks like that.
shorted after the retracement from lows. no continuation. actually popped higher.
tried to buy the afternoon retracement. i guess it wasn't a retracement. my plan is to wait for a green bar to form, but i just blanked out on that rule. what would have happened, is i would have got stopped out later and possibly shorted it after the stop out.
shorted the retracement. closed out breakeven, wasn't really moving and it was lunch time. i could have gotten back in around 130 but i wasn't at the computer.
tough day today. i tried sticking to the plan. but it didn't work today. so, i am annoyed. i tried to be disciplined and hold. if i would have done this last week, i would have made alot of money. today nothing worked for me.
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