Thursday, February 25, 2010

















break down from the triangle, bull flagish formation. i did not want to hold too long as my stop was too far away.


















shorting retracement. i thought it was going to work well. i even put on a few more shares. did not work out. ripped up, came back down, and then a long the rest of the day



































i saw a double top with a doji. i didn't really feel like i should have to tech positions on (rimm and amzn) so i got out for a few cents. a bar later, it doji again, and looks like it could have been taken long at this point. i had already shut down the computer. my brain was fried from watching amzn all day.


















here i shorted the high of the consolidation above lows. it wound up retracing to the 50% level, and heading back down.

















shorting the retracement.

















here i bought the low end of the consolidation. i had no confidence in the trade, yet it went $2


















i was shorting the low of the consolidation. it wound up stopping me out. then headed lower only to turn around and head higher. crazy market

















i shorted the highs of the consolidation. too much spread, i was not comfortable so i took the trade off.

















i thought about shorting during the first consolidation but of course i had no confidence so i did not. then when, it retraced, i figured i would give it a go. it just consolidated until i finally had enough. looks like she went right up after i got out. pretty good timing. better timing would have been to go long.

















i was buying the pop. i didn't really like the trade. just a scalp. the better trade would have been to buy the retracement that followed.

today was a good learning day. all day you are leaning short and then boom, you have to change on a dime.

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