Thursday, February 18, 2010
didn't get this trade, to much risk after the pullback (greater than .35 cents). but the chart is worth remembering
got in the trade. accidentally hit the buy more button. got out for scratch. my buddy was shorting the market and that was throwing off my confidence. later in the day, i went for it again, but i thought, can it really bounce off this level, 3 times, i guess the answer is yes.
bought sold bought sold. just a piker. i need to get my share size right, and accept a loss of $30. i don't know why i can't except that. i am trading ass backwards. again, i am trading not to lose instead of trading to win. i have to put on one good trade (+100) so that i know it is possible. right now, i hit the exits real fast. the thing i tell myself in the day, but i don't listen to, is that when you review these charts, these upmoves are going on for 1 2 or 3 hours, not 5 minutes.
buy the retracment. no action, closed it. need to just the stop work. lose or win.
but the retracment. took a little off. need to wait until i can at least get to play risk free. if i am risking .30, then can't take off trade until the first part gets plus 30.
caught the pop but couldn't hang on. i knew it would go a dollar or so, but took the profit of 39. it is really silly. have to learn to hold these trades. i think i need to time the trades so that i don't get out before 1 hour is up. either the stop hits it or its 1 hour that is it.
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