Tuesday, May 4, 2010
trying to short the lows as the q's were breaking. the past 2 days, this trade worked, today it did not.
i was shorting lows, but i should have been much higher. i covered when it felt the volume trying up. it is easy to see that i could have gone long on that nice hammer. i need to trade the charts.
nice down chart.
chop
chop
tried to buy the pullback. i should have rebought after the hammer. it would have been for +.70 or so.
wow! i had drawn an alert line for it to break lows. i guess i should have drawn one to break the downtrend.
another decent day. sticking to the plan. trying to buy stocks after pullbacks around the EMA. it feels good to have a decent plan, an edge, and to implementing it. i don't know if the past year i have just been going through the motions and absorbing. now, that i have lost a decent amount, my back is against the wall and i am truly focused. i am working hard on remaining calm while in a trade. i need to start making some money. taking .20 is nothing.
tough choppy day today. lets see what tomorrow brings.
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