visa was called out at the office and i bought it as it was breaking highs. a little bit late, and not on the retracement which is a safer level but none the less the trade worked out but not my handling of it.

i just get nervous after a few ticks up and sell. for some reason i can't hold on. i think it is because in reality, i really don't know if what i am doing works. i don't know first hand because i haven't experienced it. once i get a few more positive trades under my belt, i should have more confidence in the retracement set up and in myself and my timing and my stop and my exit. obviously this comes with time. i know i can't just walk up and play a golf tournament with the pros i have to work at it. i feel it is the same situation here. i just have to remind myself that the game plan works and trade it. can't trade not to lose, must be trading to win.





i shorted apol as it rolled back over it's 23% retracement. i saw on breifing earlier that all the education stocks were going down. i was early on this trade and really had no other factors going for besides the shooting star and the roll over. the 20 sma was far away and i should have waited for that. then the trade would have worked. the problem is you don' know when to go for it, and when to wait a little longer.



hes was moving up, oih was moving up so i bought nov as it broke the mornings high. i didn't like the stop at .49 (previous candle low) so i was very hesistant. i got out real fast because i thought it might collapse kind of how apol ripped up right after i got out. anyway, you can see it when on to be a nice winner with out me.

got to be confident, set my stops, have faith in the trade. got to make money on my good days because we know on my bad days, four bad trades and thats $100 usually. so, making 40 bucks on a good day ain't going to work.

thats it

executions or execution?

pbr was breaking daily lows. the FE 50% extension was at 42.12. the volume bar was huge and red so i shorted it. i shorted more as it broke through 42 but that didn't work out as well. should have shorted more sooner. .50 is too much of a move to be re-shorting. i should have got more short in the .30. lesson learned. it also is amazing to see how fast it ripped back up and then turned over once again.

i called it a day after one positive trade because it has been a couple weeks of hard knocks for me. i didn't want to give any back.

i haven't figured out why i shorted this. it didn't even hit the 23% line yet. i am going to have to take another look at it and check my notebook.


another one of my piker trades. i was in it for 10 minutes, the guys online were calling it out as well. it was a gap up breaking highs of the day, after 2 p.m., and i should have held on. i did actually try to buy more at .48. could have easily been .50 trade.


retraced days move back to the 50% line. just a few bars to early, although it didn't do too much the rest of the day it still would have been a positive trade........i just took a second look at this chart, and it seems that i could have gotten .50 cents from it, so it would have been a nice trade.

i like keeping my stops tight but i have to remember to get back into a trade if i get stopped out. can't just give up on it. maybe my timing was off a little but the idea is correct. i feel like everyday i am closer to it clicking, but maybe i will be saying that for 6 months (i really hope not though. )

charts from yesterday

i drew the fibs on this chart.


bought mos on the low of the triangle. it broke the triangle and closed below although i was out before the close of the bar. two bars later it re-entered the triangle set up i was looking at . i should have got back in it. it would have been a great trade. although it is not in the pic, it was resting right on the 50% retracement of daily high/low.