Wednesday, February 24, 2010

















i chickened out on this trade. i didn't believe. no confidence. it turns out it was 100% correct. i also wanted to get in the trade after the hammer around 1pm. i did not because i said to myself, why am i getting in here .30 higher. again, the right move would have been to buy. instead i focused my attention on IBM which didn't move anywhere but i still managed to lose a couple bucks. instead of finding something that will follow AAPL's lead, i just need to trade aapl.


















good looking chart. pushed higher, pulled back. nice consolidation. it just didn't work out. should have not wimped out of AAPL. or i should have had both positions working.

















didn't trade this one. i got in late today. haven't been sleeping much. chart is a little hard to discern, but decent pullback after a drop down. and then full collapse.

































not really a pattern here. it kept popping on my scanner and i know this thing can run sometimes. i thought i would give it a shot. i think i wound up break even.

















move higher. then pullback. then bounce off pullback and retest of 50% retracement. it was just like the FST trade from yesterday that bounced of 50% and then collapsed through it. i should have known. in fact, the trade from yesterday was in my head. i should have gone short after the second test failed. why not? no confidence in my analysis.

although i am trading well, unemotional i still need to have confidence. have to put scenarios and the table and let them work out. period.

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