Focus your mind, manage emotions, go with the flow.
Monday, September 21, 2009
After talking up my hitting new highs/lows ticker so much last week, I'm not getting any data over it today so I think I'll finish for the day now. I can't remember the last time that happened. I don't feel quite complete.
From looking at the screens you post, its getting more obvious when its a good time to get into a stock. How do you decide when it a good time to add to a position? That's something I'm having trouble with seeing.
I will endeavor to post charts showing my daily trading activities in as real time as possible. However when there are fast market conditions there will be several minutes delay while I sort out my positions, then get around to posting the changes here. I trade off 5 minute charts in conjunction with 15 min. charts and pay close attention to 5 min. charts of the S&P 500 and QQQQ.
2 comments:
From looking at the screens you post, its getting more obvious when its a good time to get into a stock. How do you decide when it a good time to add to a position? That's something I'm having trouble with seeing.
if there is good momo, adding size the sooner the better, lessens the risk. if it stalls and drops, sell the whole thing
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