Monday, September 20, 2010


seems like an odd spot to but it. i think what happened was, the stop was close enough, so even though i was late, it was still worth the risk. later on, i moved my stop up as the stock didn't seem to be going anywhere. but, i remembered RIMM from last week, so i wanted to keep the trade on.

again, i would say i was late but the risk was tolerable. the one thing i gain from having a closer stop is more shares. here i took on less shares. ended up getting stopped out. i almost went after it again as it setup again but the risk reward didn't make sense. i was thinking the stock would go near highs. so on the upside it was about .20 and the downside was about .15 not worth it to me.

no trade. gorgeous doji 2:15

this chart brings tears to my eyes,lol. gorgeous! too bad i slept in.


i choose not to set an alert on this stock. i don't really know why. maybe because it wasn't the chart formation that i love. but, i believe i need to have a few different plays, so i should have just set the alert.

stair stepping. i was up over a $1 (the elusive $1 trade!) and i put an exit order to sell at the ask. next thing, the stock drops .40. i hit out immediately, on that low tick you see on the 5 minute chart. i was thinking it was going to collapse like it did end of day. but, as you an see, end of day had an inverted hammer on the 15 and a reason to get out. here is was nothing but a purely emotional reaction to seeing the stock drop so hard so fast. man,i guess  another day until i get that $1.

no trade. most likely would have gotten stopped once but just needed to keep going after it.

i was firing up the computer right around that 12:30 low. i was staring at it, thinking this is perfect. i didn't pull the trigger. i just didn't believe that i could fire up the computer and see something that soon.



kinda sloppy. jut for reference.


i have to say, i think today was another successful day. just spent my time hunting for the best charts. then i walked away a few times to clear my head and let the trades work. as long as i am trading nice charts, win or lose i am happy. whats more amazing, is i have been able to keep the losers smaller than the winners, yah!

hope everyone had a good day today. i'm sure a bunch of money was left on the table but, in due time, we will capture all of it. 





2 comments:

  1. Heya! Looks like some nice charts - But again, I can't click on the ones that have comments for some reason.

    Hope you get some sleep tonight.

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  2. so strange. i keep trying to figure out the reason but i don't know. i will have try to contact blogger and see.

    i was trying to catch some early z's but missed my chance. now, back up again.

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