Wednesday, February 10, 2010

finding a new broker stinks

















i wasn't comfortable with the stop. closed it out. it made a little change later on, but not much.-


















saw the large green volume bar. i bought, but was scared it would come back down. got stopped out as usual, and then the trade continued on. this is why i want to be able to trade smaller size. lets say 25 shares, just to keep an eye on it, if it goes down a dollar no big deal, if it starts going up, then i can get in some more shares.


































short retracement. didn't work. this was the start of a new move up. but how do you know that. how do you know it is not the market playing games. how do you know after it pops up, that you should now buy the retracement instead of shorting it. damn.
















first tried shorting at top of that morning consolidation. got stopped out. went long a little later on. got out after 3 nice green bars. then i had to go to the doctor. come back to see that bad boy went up. getting out there was the correct play. but would i gotten back in again, that would have been the stellar move.
















trying to buy the retracement from highs, a few times. never worked.


















shorting retracement from lows. looking now, all those wicks were saying, we ain't going down fool.

















had my eye on and off this one. thought i would give it a small shot.



man, what a pain. i talked with interactive brokers today and they would be cheaper than tradestation, but checking the website now, i don't think they offer level II or time and sales. wtf? i will call them tomorrow and find out.

pretty much a bum of a day for me. didn't really see anything spectacular that i missed. i know there were good trades out there, but none that would have really fit my profile. somehow, i still managed to lose $150 in the chop.

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