that RIMM short is interesting. most likely, i would have shorted around 11:40 and gotten stopped out. you got short around 12:10, which worked out well. was RIMM making that 5 minute hammer as well when you shorted or was that after entry? and nice hold. i am surprised to see you holding that long. i am trying. i am trying to make my trades by 10:30-11:30 and letting them ride the rest of the day. but, even though i tell myself that is my plan, i still wind up closing the position after i get in the money and then it makes a small retracement. i think i have to place trailing stops instead.
the AMZN trade was spot on. I looked at that stock in the afternoon, and it look like it was just stair stepping down all down. but again, i am surprised you didn't trade it both ways especially that run up till the 12:45 high. i would have gotten shaken out there for sure.
i know it all is a confidence issue for me. i just need one good day so i know i can do it. until then, i am going to just keep chopping my account back and forth. i reaffirm my beliefs daily, listening, writing them down. i just need to make them concrete in the P/L.
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.
3 comments:
that RIMM short is interesting. most likely, i would have shorted around 11:40 and gotten stopped out. you got short around 12:10, which worked out well. was RIMM making that 5 minute hammer as well when you shorted or was that after entry? and nice hold. i am surprised to see you holding that long. i am trying. i am trying to make my trades by 10:30-11:30 and letting them ride the rest of the day. but, even though i tell myself that is my plan, i still wind up closing the position after i get in the money and then it makes a small retracement. i think i have to place trailing stops instead.
the AMZN trade was spot on. I looked at that stock in the afternoon, and it look like it was just stair stepping down all down. but again, i am surprised you didn't trade it both ways especially that run up till the 12:45 high. i would have gotten shaken out there for sure.
i know it all is a confidence issue for me. i just need one good day so i know i can do it. until then, i am going to just keep chopping my account back and forth. i reaffirm my beliefs daily, listening, writing them down. i just need to make them concrete in the P/L.
Scott,
What platform are you using now... the one from which you get your new highs/new lows screener?
BCT- I use Real Tick 9.2
Post a Comment