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| going crazy over iphone news, scary trade, quick trigger finger |
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| same thing as vz |
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| that first trade should have been a long where i exited. i should never have got short where i did. i just figured it would keep trending down, but it didn't. then, its too far to go long.[just for me,maybe you if you want: on the next trade, i tried the same idea, just short with a stop at the candle. i guess what i did, i closed the stock early. trading not to lose. i can't tell you how frustrated i am by this. if i was short at that moment, i would have covered properly and gone long on that 130 candle.] then, i should have gone long two more times and gotten stopped out. the next trade would have been a long around 1330, and an exit around 1410. the only way to see the market short was to see the doji on the 15 min. |
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| i saw the doji, though wow, powerful. then i was scared when it rallied back to the doji, but what a great entry point. i think i was actually thinking about getting long. but the time to go long is when it breaks the doji, and then time to short is when it is running into it. |
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| iphone news |
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| traded this long instead of qld. didn't work. |
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so, it was a tough day for me to read but i never got into the flow. i woke up late and wasn't focused. i had phone calls and emails coming in about my summer time work. i asked them to wait until 1pm, but people need help, so i had to help. tomorrow back to the game plan. hopefully i can bring out the market maestro.
Bro - I see a lot of right direction - you are good with your entries. With the direction you had, your winners look to be enough to cover the losses and then some.
ReplyDeleteSomething I came across in the Black Swan book: several studies have been done with respect to bias and how we tend to make decisions. One study looked at how random numbers can influence subsequent decisions. For example, take any random numbers, and show them to judges before they try a case. The judges that looked at higher numbers tended to hand down longer sentences for the same crime. This happens over and over again. Kind of like the idea behind Scott's affirmations. Maybe print out a whopper of a trade and leave it hanging above your monitors? Maybe just think big, mantra style. Worth a try.
I know - this is a hard game - I exit too early way too many times; today I thought I saw exits which were completely bust. Rest well.
you know dtf, that might be a great idea. print up a chart and hang it on the wall to show this is where a stock starts from and where it can go. i might even go crazy and buy a poster size. good idea. and very interesting about the judges.
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