Wednesday, September 8, 2010

reason for the ROVI trade below. i passed on shorting that run up
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decent entry. not the best movement into a doji but i thought since the major trend was up, i decided to let the probabiltites play themselves out. the exit is fine, but i don't know if there was a way to make an exit sooner and take it short. that would have been the real trade. then you would have covmered into the red hammer 4 bars later, and if you had the risk tolerance, tried one more long.


okay day. +100. but i don't like that the money came from trading one of those crazy stocks. i have to get used to this. i feel i earned the money when i find a trending stock and execute properly. it feels like gambling when you are playing the crazy ones. but in reality, it is my belief that fading those moves is the high probability trade. therefore, it shouldn't equate to gambling.

shorted early trying to jump the gun. sweet doji and break higher. no thought required take it long but of course i didn't. after it made a few more doijs up top i shorted it, and then added.  don't know if adding to it was the right call, i don't think i felt comforatble taking that risk. the exit was purely emotional. the stock was so jumpy i wanted to get out.

2 comments:

  1. nice trades man, I like the add on the Rovi trade as it went in your favor. Also liked the QLD trade, good exit

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  2. thank you sir.

    those stocks of yours had monster moves. i'm going to keep on eye on them bad boys. you should list 'em on your website.

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