Tuesday, May 25, 2010
bought and sold 2x
nice trend all day. i thought how far will it really go, wrong question to ask
i had an order to buy at .46 at 11:38. i canceled it after the stock ran up to .90. it came back down and would have hit my order but not my stop. sabotage
i didn't know what to do here. that little wick on the previous candle, i thought it was fake, so i turned my head to check the scanner again, and boom, the new 5 minute candle started and exploded. i tried buying it once up there, and then shorting it once. neither way worked.
retracement to the EMA. collapses after the stop. nice
i was trying to see if i could get a green bar in.
buying after retrace from highs with tight stop. that hammer a few bars later would have been a nice spot to get involved again.
phew, mind boggling watching all that action today. there is definitely money to be made. i hate big gap days like that, but again, there is money to be made if you are patient. my brain was fried. i intended to go to the gym, but i sat on the couch to reflect on my trades, and next thing i knew it was an 1 1/2 later. i also have been focusing on upgrading the processor on my computer because my charts slow down when the market gets crazy but, in all honestly, it is probably just a distraction from my main problem, good entries. first, i need to focus on trading well, worry about the computer when i start making money.
burnt out, peace
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