Tuesday, June 22, 2010
















i was watching this one. i should have payed closer attention. not to the run up area in the first hour, but the retracement around 1030.


































late entry, decent exit

















crazy stock, i wasn't going to give it much room
















1030 trades were two tight shorts against the candle high. i was late to the party. 1145 i have no idea. i was keeping it tight for a reason, i may have thought it was going to have continued upside. 2pm trade was 2 trades buy/sell, buy/sell. i was trying to catch an up move but it wasn't coming. after the next doji, i shorted it. exited early, trading from the PnL. but i am sure that wick up a few candles later would have gotten me out.
































i thought it was turning over, good trade from my end. terrible exit.

















shorting lows, covered because i didn't like it. but i can't be doing that.

















short, good exit.
















catch the pop
















this is the reason why you either get stopped out or take an exit at a green candle, doji, something, anything other than just closing. again, i completely forgot the rule. i need to focus on it tomorrow. this one trade would have made up for 3 stop outs. just let it go.
















oops, caught the high.


i need to remember to not close trades early. either stopped out or exit with a candle signal. i can't use momo as a reason, because i am not good enough to read proper momo yet. i think i may put on the 8 ema as well to keep me in the trend.

i feel like i traded too many different stocks today, but it was only 7 different stocks. i don't think that is too many. not much to say today. i know this morning was difficult for me, too much chop. i'm burnt. peace

2 comments:

  1. Dude - what was with that ATLS exit?!?!!

    Heh...

    Great entry bro - and lots of controlled trading. I mean how many times can we let that kind of a move slip thru our fingers? I know, way too many - but let's take those kinds of moves as encouragement and not beat ourselves up; we are getting the entries. Those moves are happening every day. We got half of this thing down pat.

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  2. oh man, that gave me a good laugh.

    you are right, i really think we have pretty damn good entries. my problem is, i remember the times where i closed the trade early and it saved me money (even though that is the wrong move), maybe a whole $20. those happen more often then missing a huge move, but the huge move would more than make up for any of the small losses. i think i have to write it down 20 times tonight: i either get stopped out or exit on a proper candle formation that screams close me.

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