X: booyah, its been a long time since i have bought the high.
AIG: i was short, long, and maybe short again, i forget.
Crazy stock
I traded like a maniac today. Time to re-asses. I trading like its monopoly money and I shouldn't be. I need to remember why I am doing this.
Thursday, December 9, 2010
Wednesday, December 8, 2010
Tuesday, December 7, 2010
CELG: I am okay with this trade. It seems there was significant evidence to go short after the stop.
CRZO: For the brain.
DE: Nice spot to get long around 12:30. Nice entry short. I covered because I get frustrated quite quickly. I have been doing quite poorly as of late. I don't know if I need to switch back to some real money, so I remember what I am trying to do. Why I am doing this? Right now I am more focused on the GMAT and accounting classes than on the trading.
DECK: I had these lines drawn and was waiting for the break of the wedge. It broke up. I went long. and then it collapsed, ha. It truly is amazing how one can be wrong so many times. Again, much evidence to go short as well after the entry or after the stop.
PXD: Stopped out. I could have gone long after the stop. Then I would have gotten stopped out but I wonder if I would have gone short.
Q: This consolidation was driving me nuts. You have to love the pop up, and then subsequent collapse.
At the end of the day, I forgot how frustrated I get during the day. I think how many times can someone be so wrong. I really get on the wrong side emotionally. I may have to step away for a few days to clear my brain. Most likely that won't happen, but I probably should. Or I need to stop studying while trading. We will see.
Monday, December 6, 2010
WHR: Long, doubled up. Then stopped out. I tried to short it, and boom stopped out within a few minutes. It is quite funny that i spend a few hours waiting to make money on the long side and then a few minutes losing money on the short side.
BCSI
CISG
CRZO: amazing again, i sit in it all day waiting to make some money. then within 2 bars it is wiped out. i doubled up.
LPS: trying the crazies
RVBD: this is the one that needed the most analysis. i think the thing here is, i should have closed the short and went long. there is no point in waiting to get stopped out. if the candles change, and show something new, then go that way. i really have to evaluate each new 15 min bar separately. What is it telling me now?
Not too many opportunities today that I missed. Mostly, the stocks i entered didn't follow through. WHR was a nice winner but made some mistakes near the highs. I took my shots on the best setups I saw. Nothing to complain about.
BCSI
CISG
CRZO: amazing again, i sit in it all day waiting to make some money. then within 2 bars it is wiped out. i doubled up.
LPS: trying the crazies
RVBD: this is the one that needed the most analysis. i think the thing here is, i should have closed the short and went long. there is no point in waiting to get stopped out. if the candles change, and show something new, then go that way. i really have to evaluate each new 15 min bar separately. What is it telling me now?
Not too many opportunities today that I missed. Mostly, the stocks i entered didn't follow through. WHR was a nice winner but made some mistakes near the highs. I took my shots on the best setups I saw. Nothing to complain about.
Friday, December 3, 2010
I had a bad opinion of today. But looking back, there were some decent opportunities.
ARG: Something funky happened with this trade. I have noticed that NT has been missing a few stops lately, like they disappear. Here i was long, and suddenly stopped out. I got back in. It seems i doubled up as it was rolling over. possibly i thought it was going to go to highs. as you can see though, the stock trended quite well. i should have been doubling up where i exited.
ATPG: Not as smooth looking as ARG. the trade was fine. the only annoying thing was losing .25 on a $15 dollar stock. for some reason that annoys me. i would have rather put that money into a stock with a larger ATR so there would be room for a larger payoff. maybe not the correct thinking, but this game is risk/reward. the problem is, you always define risk, you just never know what reward is or will be.
BIG: i'm pretty sure that is textbook.
CIE: one where it didn't work. i had the urge to figure out why this one didn't. then right now i realized, it really doesn't matter. had i taken this trade i would have lost probably .25. had i taken the BIG trade i would have gained .50-.60. its all a back and forth motion. i jut have to keep the winners bigger than the losers and hopefully have a few more winners than losers, although i know as long as my reward is 3x my risk, even with more than 50% losers, you can still be a winner. the trick is finding the winners that will payoff. my winners usually go for .40-.60.
GNTX: holy textbook action batman.
NFLX: triple time frame confirmation. i don't remember why i exited. i think i was frustrated and it was naptime for this cranky baby.
PAY: i like this trade. just not much payoff.
PVH: nice doji bottom.
QLD: first short there really wasn't a great signal. i kept shorting each new bar because i thought we may get the woosh down. i let the stops work when in reality, i should have reversed. because i was short, i didn't want to see signals that was saying, this is a long now. i need to remember stocks and markets can go up down, down up, and new highs new lows once or twice a day.
SOHU: described in comment section. i thought there was a .20 stop, wound up it was a 1.20 stop, so i closed early.
SPY: from 12/2. short stopped, long, stopped, ha. that's when you start thinking the game is rigged and how will i ever get this right.
more opportunities than i had thought. no reason to get frustrated. just trade. maybe i need to be drunk or stoned when i trade. that way i won't feel as bad with a couple losers.
ARG: Something funky happened with this trade. I have noticed that NT has been missing a few stops lately, like they disappear. Here i was long, and suddenly stopped out. I got back in. It seems i doubled up as it was rolling over. possibly i thought it was going to go to highs. as you can see though, the stock trended quite well. i should have been doubling up where i exited.
ATPG: Not as smooth looking as ARG. the trade was fine. the only annoying thing was losing .25 on a $15 dollar stock. for some reason that annoys me. i would have rather put that money into a stock with a larger ATR so there would be room for a larger payoff. maybe not the correct thinking, but this game is risk/reward. the problem is, you always define risk, you just never know what reward is or will be.
BIG: i'm pretty sure that is textbook.
CIE: one where it didn't work. i had the urge to figure out why this one didn't. then right now i realized, it really doesn't matter. had i taken this trade i would have lost probably .25. had i taken the BIG trade i would have gained .50-.60. its all a back and forth motion. i jut have to keep the winners bigger than the losers and hopefully have a few more winners than losers, although i know as long as my reward is 3x my risk, even with more than 50% losers, you can still be a winner. the trick is finding the winners that will payoff. my winners usually go for .40-.60.
GNTX: holy textbook action batman.
NFLX: triple time frame confirmation. i don't remember why i exited. i think i was frustrated and it was naptime for this cranky baby.
PAY: i like this trade. just not much payoff.
PVH: nice doji bottom.
QLD: first short there really wasn't a great signal. i kept shorting each new bar because i thought we may get the woosh down. i let the stops work when in reality, i should have reversed. because i was short, i didn't want to see signals that was saying, this is a long now. i need to remember stocks and markets can go up down, down up, and new highs new lows once or twice a day.
SOHU: described in comment section. i thought there was a .20 stop, wound up it was a 1.20 stop, so i closed early.
SPY: from 12/2. short stopped, long, stopped, ha. that's when you start thinking the game is rigged and how will i ever get this right.
more opportunities than i had thought. no reason to get frustrated. just trade. maybe i need to be drunk or stoned when i trade. that way i won't feel as bad with a couple losers.
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