LPS: Traded from the 5 minute turn over.


MOS: Traded from the 15, added on the 5 min waves. some crazy action after i closed.

NOV: Shorted but my plan would tell me to only long this stock.

OPEN: Shorted the run up. Decent cover.

Q: It seems the past few weeks, the action has been in the first hour and then mainly consolidation.

QLD: Shorted, added. Stopped out short, went long. Stopped out long, went short. Finally covered after I was tired of waiting. I also went long TNA as a hedge. I wanted to see if I could get stopped out of both sides of the market, which I did, lol.

ROST: Just watching the action. I think the key is patience. Wait for the setups. Don't worry about the ones you miss. 

SH: Boring, closed it. Not worth worrying about.

TNA: My hedge to the QLD short. Stopped out of both.

CAH: Short the pop. I don't remember why I covered.

UTHR: Tried to short the pop. I guess I was a bit too soon.

AFL: Trying to buy the breakout to new highs. Failed.

Today I was playing with monopoly money mentality. I wanted to see what would happen if I tried to trade both sides of moves, e.g. hedge my positions. I also traded mucho size, 200-400 shares at a clip. Tomorrow, with what time i get in front of the computers, i am going to try to be super picky. pick the best of the best.

CF: I thought i was going to be able to catch the top there. looking back, the previous candle maybe was more hammer like than doji like with that long tail on the bottom. anyway, no reason not to go after it again 30 minutes later. but i didn't because of instant frustration. this is going to sound totally bad, but today i feel like the market is rigged. i can't get anything working. very upsetting and a bad attitude. i know. i am working on it. Had i taken the other side of the trade, i still would have been stopped out.


GD: This is what happens when i try the finger, lol. Had i taken the other side of the trade instead, i  would have had a winner (1/2)

NTAP: Had i been paying any attention I could have caught this one. But for a loss or a gain is anyone's guess. Glad not to be stuck holding it when it was halted.

QLD: Had i taken the other side of the losing trade, i would have been stopped at the highs of the day. (1/3 on opposite day strategy). The consolidation volume was so light. Also, it had already shown a lower tail, so i thought they had all the weak hands out and may push it up later in the day. I hung onto it all day and then out of no where, boom, down she goes. when she consolidated on the 5, i waited to see my next course of action. it broked down, so i went short with it.

I can't even think why i am so negative today. days like today gives me the cloudiness in my head that working on accounting or studying actuary exams does. when i can't get something, i get frustrated and my head gets filled with cob webs. tyring so hard to get this, and yet i still can't seem to have a break through.  it is also amazing, how one loss can get me so doubtful. on the surface, i know winners come in random distribution. but deep down, there is still some element. that doesn't accept it. i'll have to search dtf's blog because i think he says douglas says something about this.

mmmm. i shorted after it appeared a triple top had been made. stopped for a loss. then went short again using the 5 min this time. stopped again. then i decided to reverse the position just for shits and giggles. 3 higher lows, new trend established, lets go for it. eeehhhhh, that was wrong as well. i had to laugh. using only the 15 i see a short 12:30, probably would have been stopped out at 1:30, and another short at 2:45

i also noticed the run up on decreasing volume.

 qqqq: is it possible to nail these trend direction changes at the proper times?

FIRE: double and triple time frame confirmation.




tomorrow i should be able to sit in front of the screens all day. lets see how it goes.

no trades today. internet was junk today.

i might have a chance to trade the afternoon tomorrow. trying to wrap some things up with a potential new house. we will see.

for reference

some go up. what i like about this chart is if you got in around 12:45 you would have been stopped out. i still would take the trade. but, i think the ideal trade is the second trade after the tail down. but, i am never willing to wait for it because it seems to happen 50% of the time. so you need to take the first signal, and if you get stopped out, go after it again. that down tail is the market taking out all the long stops who have been hanging in for a few hours. then the take 'em out, and let 'er rip. 

i love seeing the action around the lines. i thought those two doji's were textbook. i didn't want to get long the first doji because so far the trend was down. i prefered to wait for the short entry instead. i got in using TZA long, a little early, but okay. 

 TZA: I don't know at what time i got in. Seems a little early but i guess it was good enough this time. the only thing i didn't like was not getting paid for holding. i think this trade was worth about .25 or so. and i choose this stock to play against the q's. i guess TZA doesn't have the same umph from when i left. i sold into the second -1000 tick. i was trying to sell into the losers.  i also thought the market could double bottom at this point. .i sold on the second push of TZA into the highs thinking it wouldn't push any futher through.
it was in fact consolidating at the lows. i'm sure some of it was mental, just wanting to lock in profit, in fact it probably had a lot to do with it.  i always get caught in double tops and bottoms. what would you have done? covered or held?

funny video

http://www.zerohedge.com/article/i-trade-size

heavy metal and farming southern style

 

just some pics from my travels. this is embraer's lineage 1000 based on their e-190

 

that's my baby. my job is to get that bad boy around, set it up, make it look pretty. next stop NYSE!

phenom 300 with the legacy 500.

 

my companies 4,000 acre farm in southern georgia. they grow peanut, cotton, and some tobacco. this is also where we house all our mobile marketing trailers and materials. that complex has 2 or 3 guest houses, tennis court, waterski lake, 3 horses, atv's, dirtbikes, shooting range, etc...basically everything them country folk could desire. the owners of the company are very generous and allow us to use anything and everything at any time. 

 


they thought i was there to feed them so they came into their stalls. silly horses, i'm scared shitless of you. there is no way i'm going to feed you. 

a bale of cotton? i don't know what you call cotton when it's packed the size of a trailer, lol. it is amazing how soft the cotton is right of the plant.