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| i bought to hedge QLD short, but I should have actually bought TNA, i screwed up |
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| i timed it correctly, just didn't have the patience after sitting through TAM |
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| long, i was anticipating a move back to highs. i'm trying to look at charts and ask myself where can they go. the trouble is, i see equally it can go up, or it can go down. there is no definitive answer in my head. |
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| bought it around the same time as JCP. i had the same thought, rounded bottom back to highs. exited after the 15 min doji'd. |
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| shorted on the 5 min. stopped out. basically spent the rest of the afternoon shorting and getting stopped out on most of the double ups until the last one. |
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| 11:45 was the long spot. i thought it would go back t lows, but it took all day to get there. wow it almost looks like it went back to highs first before turning around. |
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| patience and belief shorting this one. first time stopped out, went after it again. very jumpy stock |
Heya - you had some great setups Friday; it looks like you are trading differently than you had been.
ReplyDeleteDFT was a beautiful setup, but you mentioned a lack of patience, do you think that more emotions are creeping in than you realize?
I watched that video. The guy sounded like Scott - or maybe Scott sounds like him. I thought the video was a little repetitive, but put some of the responsibility on the moderator; it didn't seem to be understanding it very well.
different, as in better or as in worse, lol?
ReplyDeletewith the DFT trade, i was burnt from trying my best at TAM and succeeding. I just didn't have any brain power left to properly trade DFT. I wonder why it takes so much energy for me to trade those crazy ones properly.
The one thing I am trying to do is be patient. Wait for the pop to slow itself down, and then decide what the move is.
If you think the video was repetitive, wait until you read the book. You will bored out of your mind. The moderator had no idea of what douglas was talking about. The only thing the moderator wanted to say was "wizetrade, wizetrade".
Different as in better =).
ReplyDeleteYour trades had a sense of control and thoughtfulness about them - if that makes any sense.
Catch you tomorrow.
i agree. i was waiting, trying to be patient, and let the setup evolve and tell me when it was ready to go down.
ReplyDelete