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.
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