Wednesday, August 25, 2010

can't really say why i took this trade. it may be because i had flipped on CNBC when i first woke up and they were saying SNDK had been the worst performing stock on the Q's for the past few days. i see a crappy inverted hammer on the 5, a crappy hammer on the 10 and 15. and it never broke the low of the real body doji on the 15. stupid trade. thats all i can say.

look how easy the 1:30 trade was. i just get so frustrated looking through stocks and then getting stopped out on the positions i put on. i need to remember, it is my job to take the best trades possible. if its boring, then its boring. not putting on a trade is also a trade. its like i want to be this fantastic momo trader, almost scalper, in and out all day so i'm not bored. but i get crazy when i am back and forth following a 5 min chart. i just  need to accept that my job is to find the best charts possible and trade 'em.


not much to say. inverted hammer that i thought looked great. i see now the q's didn't make quite the same candle but i still would have shorted it. it was also at days highs. i got frustrated and got up after i got stopped out. when my first trade is stopped out, i get upset.  on the surface i know this is a game of probability but inside it still effects my ego i guess. i know my probability of winning is 40%. i just need to stick to the game plan. excellent long signal around 1pm as well. 
anyway, another frustrating day. i think i am just negative in my head from losing for the past year. it a difficult place to get past. i need to start putting on some winning trades, and stringing some winning days in a row and soon. i need to build of that confidence. i will be leaving for the month of october, and i would like to get better before i go. this game is mind boggling. i need to keep the positivity flowing. i am going to repeat outloud tomorrow my affirmations. i will read them (sight), write them (touch) and speak them (hearing). i 'm trying to hit as many senses as possible.


hope you all did well.



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