Monday, June 28, 2010

















i wanted to go long where i drew the line but i chickened out. then later on i decided to go long against the hammer but wasn't believing it. the problem is i end up taking the second, not as good trade, because the first one worked. i just need to take the first trade.

















nice top wicky red candle. shorted it, shorted some more. covered well. should have went long and then short again.


















shorted after it top out. covered pretty decently. i had to take .50 even though the candles didn't say sell now. i would have locked in another maybe another .10 or so because the correct cover is not until the green candle. wow, this one set up again, i missed it. then i shorted later on closed it because stop was too far away. i switched to GG instead which had less risk for me.


shorted this instead of GDX



15 min chart was the champ


first and second buys were correct but scared because of stop size. 1110 short was good and covered too soon. then i shorted every freakin' candle because they were so top wicky. i said, "i don't believe this". that was correct. covered too early like a jackass.


saw this run up due to some ruling. decided to short when it started breaking consolidation. i thought it could go all the way back down. at this point, i had n 4 different positions and didn't like the distance i had given this one or QLD. we are talking .50 stops, and that is not part of my game plan. so i covered the big stop trades. should have gone long after on the dojis.

shorted but was a decent long. no problem with this trade.






i was trying out a new template. the good thing is i can load more than 5 charts at a time, the bad thing, i haven't figured out how to correctly line up the text with each chart yet. even stranger now is that i just logged back in and the "interface" went back to the old style.

today was a pretty busy trading day. lots of up and down. i don't know if i should be following every wave of the q's because sometimes the waves are so tight that you won't make money either way, you should just pick a direction and let it trend down. it felt like that today. the up moves seemed pretty decent and the down moves kind of un-exciting. it was hard to believe in the downside with such slow grinds down.

after talking with a buddy last week, i have a slightly new plan. we were talking about fear of success and he said i was crazy. he said he gets pumped up everyday, saying to himself he is going to put up big numbers. he had me so fired up i wanted to punch somebody in the face. anyway, this morning i put on some symphony tunes (first time ever for symphony, after realizing it calmed me down when i was anxious the day before), dialed into the market and just felt pumped up. i told myself i am the conductor of this market, the maestro, and it will bend to my will. my first few trades were all losers and i was still a little sleepy. even after walking around my complex for 10 mins and jumping up and down a few times. i decided to have a few sips of coffee and that is when the maestro ignited. i was on fire. i truly believed that the market would bend to my will, and i loved it. hopefully i can keep up the same attitude tomorrow. i felt unbelievably positive, confidence through the roof, and i was having a blast. it was like a game to me, watching the market try to mess with me, and me not giving up and messing right back. i never would have gone after QLD 3 times, but today was different. i knew i was right and the market would come in my direction i just had to will it. okay, thats enough. i'm fired up all over again. lets see what tomorrow brings.

for sure, today was alot of funny but also a ton of hard work mentally. i was +55/+25 after commish. i thought those commissions were high, but i can't complain. just make money and don't worry about commissions. i need to be making $1000 day will the level of brain activity i got going on.


3 comments:

  1. Yeah buddy - nice trades today, way to keep at it. Good read on the markets. I can't click on your RIMM chart for some reason, but from what I see you had a great pick after that consolidation.

    I like the confidence - but not sure if violence is the best outlet =) Remember - we are there to take advantage of and catch the movement, we don't make it.

    Don Miller had an interesting post over the weekend, some good links: http://donmillerjournal.blogspot.com/2010/06/weekend-trader-part-2-viewers-choices.html

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  2. your right the RIMM chart doesn't pull up. i actually didn't pull the trigger on the consolidation because i was chicken.

    you are right, i must get back to zen. i will check out those articles tomorrow. i got roped into painting my gf's new classroom. one freakin' wall took 5 hours!

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  3. Fun! Nice post Josh, and I like the new site look. You were definitely bouncing off the walls yesterday, knockem outa the park eh!

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