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i was pretty tired today. i was watching the market and waiting. the folks at t3 weren't feeling the market and neither was i but i knew, there is always money to make. i should have waited for this candle to finish. my fault. the next candle was more of a hammer. i don't real see a telltale sign of the long exit though. i may have wound up getting stopped out anyway.
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tight stop first time around. the chart looks choppy the first time around. went back after later on a nice hammer and the q's were putting in some top side wicks. i decided to take the .30 profit. but i have to say, this might be the longest i have ever been in a trade, so that is a positive. although, boy the thing took off later.
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i bought it because the q's were green, but TNA was red. i thought TNA would turn around but apparently it was leading the q's this time around. gorgeous short side doji around 335. i don't know how i would have played those 1pm dojis. it is an awful lot of them there, which i really don't like.
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nice downtrend all day but no pullback to the EMA so i wasn't too game.
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now this one i was game for. the first line is where hesitated about shorting it. i didn't know wich way it would. lots of dojis. i guess the best thing to do here is put on a small position in the direction of the trend and see what happens. i did miss the pullback tot he EMA but that green candle was awfully strong i might have been leery to go short there. i did see that bottom side doji. i passed on it because i had no confidence in my ideas. although, i didn't realize how much volume was going off there. wow!
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i didn't pull the trigger on this short near the EMA. it wasn't ideal for me, i don't know why, but it would have worked out. the FTI chart is much more to my liking.
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i thought about buying on the second pullback. it seemed fairly easy to play these waves but not something i am accustomed to doing.
today, i was pretty tired so i am glad i didn't push it. but, i did see some really excellent opportunities. again, i need to have the confidence to follow my ideas. day in and day out, i have solid ideas that i don't execute on. holding the VXX for 40 minutes or so was definitely a step in the right direction. But, if i had gotten .30 within 10 mins i probably would have closed it out as well. so, it is both a time thing and taking profit thing i have to work on.
fight to see another day. again, i think the market is as easy as you make it. i am going to start focusing on just trading, watching the monitors, and waiting for the setup. i have to tell myself, don't read that story. no checking emails. put on some tunes and just get in the flow.
-2 gross/-10 net
best business in the world right here. work for your self. make your own hours. be your own boss. i hate managing people. i don't want to motivate them or pow-wow with them, or have morning meetings, or group brainstorming. the money is there for the taking. just need to focus and believe.
Some great picks Fozz. I think your VXX play was about as pretty as it gets for the info you had.
ReplyDeleteInterestingly enough, I was watching a lot of the same stocks today: DRQ, CXO, OII, FTI, TNA. Looks like Scott was too... I think that is a good sign.
That TNA doji was an awesome play. I missed it completely... I think I was sleeping lol. Tired after the weekend.
Catch up with you tomorrow bro
i think that we are watching the same stocks and stock is seeing them as well is a great sign. if i had any confidence today, it would have been an amazing day.
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