Tuesday, April 20, 2010

back at the screens

whew! back at the screens. i thought i would dominate the market. i was watching all last week saying that was an easy move, this was an easy move, but look at me today. i definitely started trading too early and it cost me. today was a buy the pullback, not a buy the new highs around 10 am. here are the charts

i like waking up and watching the market the first hour to see what is hitting highs and lows. it gives me a slight sense of direction on some stocks. i just need to control my urge to trade that first hour.



































i bought through highs. it had a nice retracement. should have rebought.

















i wanted to get this one at the hammer 3 previous bar, and then it exploded. i shouldn't second guess.

















shorted the dead lows on this anti money maker. looking now, i see the huge volume candle on that down move. that should have told me the move was over.


















buying highs, i would probably take this trade again although the volume is high.

















i was thinking it was either double top or double bottom, i went with double top, ooops, it was a double bottom.

















breaking highs. stopped out. nice pullback

















a ten second difference on this trade and i would have been in the money. i shorted it, it ripped immediately .50 and then dropped like a rock. i would take this trade again, next time just wait 10 seconds.




















at the end of the day it looks so easy, and if you time it right, it should be. i hit my max loss limit on my account of $200 per day so i couldn't trade after 1o:30, bummer. before i left, i was doing well, at 100 a day. now, i lose 200 in 15 mins. i need to be making 200 and loss limit down 100. otherwise i am taking 1 step forward, 2 steps back.

No comments:

Post a Comment