Friday, August 20, 2010




i don't recall the reason for the first sale. the second one was profit motive.

i didn't go long after i got stopped out even though the charts show doji action which would lead to a long. instead i didn't want to believe it. i was so wrapped up in the market going lower, yet i don't know why. day in and day out, i see the market make new lows and go to highs. this is nothing new. why am i prejudice....





that is what happens when i try to trade the 5 min. i get faked out. the doji was easy enough to see on the next candle, but if i accepted the risk, do i close my position or wait to get stopped out?

very strange why i can't write below the last pic but oh well. anyway, i don't think the charts need much explaining. the first two are ones i want to remember and the second are ones i made. i tried to double up on the pullbacks. the exits were only profit motive exits and not candle signal exits. that i need to work on. also, i'm going to try to add the pics of the stocks with the market below it. the reason why those two trades worked was because the market went there way. if the market had collapsed, the probability for the trade to work would not have been as high. i was looking to short the market around the noon time pop. how do you distinguish that a new move has begun and it is no longer a short but now a long? i guess after the turning over turns back up.

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