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QLD
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i woke up and was super tired. i know when i wake up like this i am in a fog all day and usually do terrible trading. so i went back to bed and woke up an hour later, slightly more refreshed. i am glad i missed the morning session, because believe me, i would have been chopped to death. for this trade, i was watching the q's to break .23. they did, but i didn't enter right away. i waited until the end of the candle.
next time, i will probably just buy it. anyway, i bought the next candle with a far stop under the whole number. i added as it broke highs again. the market was just going nowhere and to me it felt like the push had run out of steam. is that a legitimate reason to exit? in hindsight, i am going to say i probably exited more over wanted to lock in $17 than lose $20 something, which, is technically, against the plan. but in the heat of the trade, i said its because momo slowed. but obviously it did, so i am totally confusing myself now i know. there was a great re-entry on the 20ema, but honestly, i thought the market was just going to chop in that tight range all day. it turns out, it chopped its way to news highs.
QQQQ
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DB
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no, trade, i was thinking about going long against the EMA around noon. if it had doji'd there, i may have gone long, but it just made some silly candles, nothing definitive.
CSTR
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now, that is more definitive to me. it already hit that low twice, was hanging on the 20 EMA so i went for it. i got out at the market was starting to tick more rapidly. i thought i would sell into the push.
BP
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this little beast was popping. bought at a good price, bought more, then sold at break even. then i bought it at the new candle. i was watching some guy suck in all the shares .15, he just kept buying and buying, after it wouldn't go down, i bought more at .22. believe it or not, the order was sent at 33 seconds and at 34 seconds my price was .30, phew talk about slippage.
BGU
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nice trend all day.
an okay day but i wish i would have recognized it was a trend day up and not a chop fest. again, i need to push these trades. currently for me, making $100 is just as bad as losing $200. i get no confidence from either. i need to get to $500/day. this is crazy.
Dude - you were holding out on me man! You had a great day! That QLD trade is a beauty. And nice catch on BP, not sure how I missed that pop. Cool, even handed and profitable trading. Keep that up.
ReplyDeletethanks man. good entries, pretty good exits. but i needed to trade more.
ReplyDeleteBTW - how did you see the BP? new highs?
ReplyDeleteyeah, i primarily the lightspeed h/l ticker plus the trade ideas filter http://www.trade-ideas.com/GettingStarted.html click configure with the "up 50 cents big volume spike" those are the settings i just added average true range and up only min .30 not .50 i'll put up a screen shot of the filter, it caught it at 1206
ReplyDelete