Thursday, June 24, 2010

easy read, rough day

















i didn't eve see that big volume bar until right now. its amazing how you can't see the forest from the trees. i was short, stopped out, then long, and guess what i did, of course, i exited early because i didn't want to risk the money. unreal. have to write it over and over again tonight.

















breaking lows, stopped out, no problem.
































apc and bp were breaking lows. so i shorted the lagger. the momo felt like it was slowing (do i have any idea what i am talking about0 and i saw that at the whole dollar level there was 27000 shares on the bid. I decided to exit and see what they did. it never broke that level.

















don't get me started. i enter perfectly and exited like a dope. i exited right at the beginning of the new candle because i thought they would bring it right up. they did, but exiting was not the proper move. there was no candle that said get out. it was just me and my intuition. although it was correct, it still doesn't matter. i exit on a candle signal or a break of previous bar high. the proper exit, according to my rules is around 1120. as you can see, i didn't believe that hammer candle and was watching that level where i entered closely because it was the previous breakdown area. but, if i had held the short properly, i would have entered the long properly instead of trying to exit. i don't know how well i am explaining that but, it makes sense to me. basically, if i was on the correct side of the trade the whole way down, i would have been on the correct side going back up. at the 1430 market, i went to short right on time, but i was not connected to the executor. son of a gun. no executor no trade. later on i tried poking at it, but i gave up because it was just frustrated trading.
































who knows. short,cover.
















this one was rocking teh scanner
















great short as it was breaking lows. correct cover. why didn't i go long? nice hammmer, nice volume. i have bad words to say here but i will save you all. caught it later with the scanner (actually ESI) and i bought some. needless to say, it was far from a decent stop area and i was scared. why not just buy at the start of the next candle, silly silly silly. then later on it dojied.

damn i had all the right stocks today and i traded like an amateur. easy easy moves. i just didn't believe that apol or esi would keep moving up or down. why can't i just believe?

very upset with myself today. i need to kill it, not lose money. i saw everything correct. for sure i would have been positive if i was connected to the executor, but its not so much about being positive as it is about trading properly and believing.

1 comment:

  1. Dude - we were in on the same RIG move lol. But you made money and I got stopped... go figure. Nice exit btw.

    Now see - your gut gave you a good read on that one.

    And the APOL position!!!! Wow - you were at the bottom! You will nail it next time!

    I am thinking recording those crazy moves and practicing on them, until we can read the momo in our sleep...

    ReplyDelete