another good day, no money made though

i wanted to buy a retracement of the green bar pop. it never came back down but what i realized was, if it is going to hang out for 20 minutes, make a new stop near the upper line. then i could have gotten in and still had a nice stop.















































i was watching this one all morning. i left the office before the break out occured. i wound up leaving after positioning myself for the the first move in the market but not really making much money. i didn't want to get it wrong in the afternoon and lose a few hundred. i wasn't in the mood.

















i needed to wait for the green bar. i did not. doesn't matter though. i should have kept my eye on it and re-entered after the green bar.

















shorting the retracement. worked well but very slow going.


















gvae this one a few tries. the last time was almost perfect. about a minute too early. again, wait for the green bar dummy.


















gap down, run up, consolidate. i bought the consolidation zone, price wound up going higher. i got out after the SPY made two consecutive red bars. but, CS never did. maybe there was not a reason to get out, maybe there was.

another good solid day of trading. no chasing prices around. watching breakouts, then waiting for price to come back to me. it feels good. it feels like i am stalking the market and positioning myself properly. most likely, i will try to take on bigger share size next weeek, and have all the moves go against me. i know i can't think like that, but lets see what happens. i will try not to think that way.

i was re-reading trading for a living just to pick up some tidbits that i may have forgotten. i definetly need to get back into the correct position size depending on the size of the stop. but what happens is, i am searching for smaller stops so i can take on bigger share size. the only way around this is to increase my risk per trade. but right now i am holding it at $35. so, if the stop is .35 away, then 100 shares. if .20 away i will take 100-200. if .10 away, 300 shares.

don't want to get ahead of myself. i would rather buy 100 at the right time and then add it when it goes my way. at what point to i add in at? anybody know