Friday, April 30, 2010

















































was watching it but didn't short it.


















took a nap. missed the trade. i usually trade poorly on fridays.

















timed it one hundred percent correct. but i was afraid to give it .40 so changed my stop to .20. i don't think it ever even stopped me out. but no confidence in the trade. it wasn't going one way or the other. what a shame. i need to believe in myself.

















i wanted to purchase close to the low of the 1130 hammer. i wound up purchasing higher and using a higher stop. if i would have just waited for my price i would have had another excellent trade.

















i shorted the red doji after the runup on big volume. it made three more dojis and i got out. i was really hoping this would drop but it didn't want to.
















nice chart but i didn't think it would be a big dollar mover. but who cares, it was a dollar move, that is more than i ever take.

















stock ran up, retraced, went up, retraced again. i thought it was looking perfect. i actually tried a couple times to get it. but nope, didn't work. after i got out of the trade, i noticed the doji a few bars before. why didn't i see that before i got in the trade. i should have been shorting. i must see what the market is telling me, not what i want to see.

















nice setup. didn't take it.
















tried shorting the retracement. didn't work.
















wow. i thought how much could this go, obviously pretty far.
















caught the run up. i thought about shorting the highs but it was too far away from my stop.

i would say today was a great day. i was finding all the correct charts, at the right time, took some losses. i just needed to hang onto the winners. it could have been a truly phenomenal day.

Thursday, April 29, 2010

















to me, market doesn't seem to have moved as much as some of these stocks
















could i have bought the highs that don't exist on this chart.

















































bad timing. i was trying to buy the middle are of the the breakout bar. i got in, and got out .02 above the love of the pullback.
















again trying to buy the pullback.


















easy easy easy. didn't take it

















wow another easy one. i wanted to short around 2pm but i didn't. stupid stupid stupid
















breaking highs failure

















wanted to short where that line is. i put an order but it never triggered.

















F apple. i was short, then covered and got long, and then it dropped. unreal

today was pretty upsetting. i set my account to not be able to trade after being down $200. but, it allows me to keep orders open. so, i held on to the apple. wound up down $350. i can't have days like this. i only have a few thousand left to my grand experiment. i need to start focusing.

i set up something else to assist me. you know, watching high and lows is good, but i am going to focus on that as well as what is up or down x% on the day. the way i look at it, if a stock is down 3% around 11am, maybe it will be down 6% or 10% by the end of the day. i am going to have my filters find these stocks and i am going to be focusing heavily on them.

i am not trying to change my system of watching gappers, highs and lows, but i am trying to refine it all. lets see how it goes tomorrow.

look at stocks like bp, cam, fti. all of these show up on the %down or up. oh, i also sort them by how much volume they are doing for the day.

i really need to start mediating or hypnotizing myself so that i believe i can do this. without, i have no chance. i have to believe.

although today, i really felt like i was the worst trader in the world. how could every trade go wrong. is that even possible. for me it was. all this posting isn 't helping me either. it helps me get off my chest what i am thinking. it helps me review my charts, but i don't know if it is helping me to further myself. i am definitely going to keep doing it but, i need to figure out a way to get more out of all the charts.

Wednesday, April 28, 2010

lost money, lesson learned


















































couldn't hold. need to get back to waiting for my price so i don't get stopped out.

















tried shorting the pop. nothing wrong with that trade

















i covered for no real reason. i should have been re shorting instead of covering.


















good trade. the reason it worked, is because i left my trading station.

















had a tight stop but terrible fill.


















would have been a great trade. i could have reshorted after the retracement. i don't know if i am forcing trades and that is why they don't work. i need to wait for the proper set up, like here. but again i need to let them run.


















trying to buy the pullback after highs.



Tuesday, April 27, 2010

action baby, no deniro




































i was buying between .95 and .20 with a stop around .85. that son of a gun collapsed. i couldn't believe it. why didn't i short after i got stopped out?






































shorted, stopped out. tried to buy the turnaround, stopped out again. geez, what am i to do?

Monday, April 26, 2010

wacky day




































crazy. down and then up.


















inside day






































retracement didn't work.

strange inside day. i really didn't see much i wanted to trade. i can't believe that RIMM went down and then up. what a run.

i keep telling myself that i need one good day to prove to myself i can do this. but, re-reading the "trading in the zone" i realize i need to have that mindset to begin with. i don't need the market to prove to me i can do it. i need to know that i can do it. much more mental work ahead if i am going to succeed.

Friday, April 23, 2010

nothing right today but that is okay

















breaking highs failure

















breaking lows failure


































breaking highs, nice pullback

















breaking highs, nice pullback



















































bought after pulback, didn't work

















b0ught after pullback, didn't work

















boy, this one was tough today. i shorted and was just playing the chart, trying not to pay attention to the dollar amounts. i got shaken out right before it collapsed, what else is new. there was a nice re-entry around 11am. that is the reason you need to keep your eyes open and set alerts. that would have been a great spot to get in some.

















nice doji's around noon.

here is the breakdown. had i been successful yesterday, which i easily should have been, todays down day would be no big deal. i need to let my stocks run on good days so i make way more than enough to cover for my down days. i know i put on too many position today, but everything was looking good, market was starting to break out. but then it collapsed, only to return to highs later on. my account locks me out after down $200 which is a good thing. most likely, i would have tried to trade again today and lost more.