Thursday, August 26, 2010

i didn't trade it because i thought how far can a $12 stock move. i have made this mistake in the past. $2 move



i missed the hammer at the bottom as i was scanning other charts. shorted using the 5 min. added size as it went down. stopped out. went after it again later on. kept doubling up. for the amount of share size i had going, i don't think it paid off well. if i had traded off the 15min, i don't think i would have shorted until after 2pm.

felt like a flush out. big volume down move. i decided to take it for a little ride long. i exited as it was bumping into the doji from around 2:45

1:45 was  nice short siganal.

good day. actually it was a great day money wise but i don't think i was paid for the amount of risk i had put on or the share size i was using. i need to work my way out of this funk. i should be stoked after some nice trading today, but instead i am blase.i need to get excited by trading again.

saw this light up the screen after it was almost up $6. i waited patiently to see if there was a point i could short from. i decided to take a trade short, with about a .50 stop. added one time. exited after 1.25 i think.

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