Thursday, June 10, 2010
shorting it against that doji 2 bars away. late entry. should have passed but who knew, maybe it was going to crack again today as well
great entry. market chopping around. i closed it. re-entered and closed again. it didn't feel like the market was doing much, but again, i need to remind myself, that is the time to establish positions, before the move. and exit in them.
didn't trade it, but perfect entry.
the video below shows my trade ideas scanner firing off hundreds of THO alerts. i didn't act on it. i said, how low will it go, then i checked back, holy cow, down 7 points
pretty much an inside day
buying highs, i didn't like it, closed it
again inside day until the last 2 hours. there were some okay signals but i was so frustrated i didn't really trade much today. i think today was more of a stock trading day than an etf trading day
apol was going low, saw this hit lows, and i jumped on it. then closed it. no volume, nothing happening. but half of the problem is, i close these putz's and it is correct, and then close other stocks that go on to be winners. just need to set stop, accept the loss and not look back.
shorted lows failure
i was going long FAZ because i saw gs along with some small banks going lower. again, it was a stock trading day and not an etf day
buying because banks were heading lower
i saw this stock popping up from lows. i said wait for it, wait for it, and then you know what i did. i walked away in frustration. came back, saw the second entry to go long, but didn't take it, no confidence. remove head from ass.
decent hammerish candle on pullback. popped up, retraced with a hammer, i should have been all over this. but again no confidence. i need to believe. for some reason i have lost the confidence because of a few bad trades.
this video shows the trade ideas filter from 1215-1230, it actually picked up on THO at 1214. pretty great timing. i choose not to trade it.
i need to get that confidence back. there were some decent moves today. but, like i said earlier, it wasn't a day to trade etf against the market until the afternoon. then there were some great signals. it was a stock trading day and i should have recognized that.
confidence is key. don't close positions out. just let them stop out. i will be on the hunt tomorrow.
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