Monday, May 10, 2010
shorted the pop to highs. covered. looks like there was a nice doji to go long 15 minutes later.
chop
bought the pullback from highs. i think i doubled up as it was going my way. then it pulled back. i moved stop up. original stop would have never gotten hit. the low was .13 my stop was at .11
broke lows. i bought the low. took some change. then shorted it later on. very close to getting stopped out. but it worked well. there was a nice doji after the retracement from lows that used as my stop. actually .03 above that doji. EMA was close by as well.
i had the oem radio cranking, accepting to myself that it is okay to be nervous in a trade. i actually rode it down. then back up again nearly to getting stopped out. i was getting very anxious and upset. instead of hitting out. i shorted another 100. i figured i should get paid for my nervousness. i hit out after it went back down to .85. the stock just wasn't acting well. too much chop or me. looks like it was a pretty good decision although i could have gotten another .40 out of it. but, it wasn't like it dropped a dollar.
the first two trades were shorts. looks like i am not very good at timing those. it was incredible, there was a guy at 252 sucking in shares. he was showing a 200 bid and just kept sucking it in. i put a short at 251.99 and somehow it got triggered. i think he took me as well. f*in lunatic. well that was the body end of the range for the rest of the day. looking back, there was a couple good buys within .25 of that 252 range. i should have been looking for that.
bought and closed for about even on friday.
phew! another tough inside day. the market really didn't go anywhere. my gf woke me up early telling me the news was saying the market was up X amount. i jumped out of bed, turned on the computers, and realized it was just a monster gap. i don't the market ever broke the H/L of the morning swing.
lets see what tomorrow brings.
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