Monday, June 21, 2010
i was shorting this with the rest of the market but cautious because from what i remember, it can do its own thing at anytime. guess i should have stuck around.
mmm, i thought it was going up. having a .20 stop, was no problem. the fact i doubled up, well, that is he problem. won't do that again.
bought and sold, first sale was fine it went .03 below the prior candle. the second sale was just silly. the nicest part about this trade was the fact that i also had TNA working. i like having both going, if i was losing in one i would make up in the other, at least that is what i told myself. but it doesn't work when you close your winner with less profit than your loser.
shorted after doji, good but late to the party. covered went long, but in reality, i should have stayed short because the market never went .03 over the prior candle, i.e. downtrend still in effect. then i closed out the long and went short again. covered for some okay profit but the stop should have remained up at the 62.10 level. it wasn't worth the .10 profit i locked in. silly move. the 3pm trade, i started buying it early, i believe right as the candle changed over, i thought the move would have exhausted itself. when the ticker started blinnking red again, i closed the long and shorted it. the exit was okay because i locked in decent profit, but in reality, there was nothing saying "close position" no candle formation. not even 3 big bars, only 2 okay sized bars. i closed because of nervous, anxiety and trading the PnL. i said its better to be down $40 than $80, lets take the profit. but this is not the correct way to trade. as you can see there was plenty more downside and in fact, i would have been even on the day if not profitable had i held properly. i will say, in all my screen time, i have never seen the ticker move so fast. at times you couln't even read one symbol that was scrolling through. nice doji near the end to take a long trade but i was done by this time.
dtf, there is one where the .30 moving ticker is a short, not long. i think mine is actually set to .25
no trade, just noticed it and i want to remind myself to keep an eye on FDX.
dtf, another shortable .30 scanner.
this one too. i saw it on that scan as it was popping to new highs. looks like a short all day long
shorting it, stopped out, thats fine.
-44/-68
even though i was down on the day, it felt like a great trading day. i was seeing moves correctly, staying in trades longer, and being more positive. i did get frustrated somewhere around 1230 and left the computer which is why i missed the V trade. i think the frustration was from the fact i was trading pretty well, but lost alot in TNA for no reason. stupid me. the first lot was fine, but it was silly to double my size. i lost discipline and that frustrated me. also, the QLD was up,down,up,down. i was getting annoyed.
lets see what tomorrow brings. now that i can short qld, i am going to try to focus most of my attention on it. also, i was solidly in the zone from about 1035-1220 area. it was a pretty long time for me to be so concentrated but then i lost it.
carpe diem
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You had some great calls today Fozz. Keep it coming. You generally scroll back thru the scanner to check out some of the missed moves?
ReplyDeleteoccasionally i scroll the ticker after a break to see if anything happened. today i checked the history because i was reviewing my morning trades before the afternoon session and saw that V had gone bonkers. I wanted to make sure that the scanner picked it up since i wasn't there when the move happened. i used to do it alot more when i was refining them. i tried to figure out why i wasn't seeing this or that stock. but now they catch almost everthing. to see the down side moves, all you need to do is open a new alert, click configure, select the up .30, load it, and then hit flip. it should show all the stocks moving down crazy.
ReplyDeletei scroll through the risers/fallers list the most, and then my gap up and gap down lists.