Added another late trade - a failed 2nd entry long. As the price action changed, I adjusted my trend lines accordingly.
Thursday, May 15, 2014
Very volatile +3.50
Volume came back today with a vengeance. Market on a downward trajectory. There were a lot of opportunities, but was hesitant to take any, after reaching my daily target. On my 2nd trade, though, I nearly wrecked the day. I went short near what would have been the bottom at that time. Was able to bail out for a tick gain, just as the market was reversing. Whew!
Wednesday, May 14, 2014
Glacier movement +2.00
The volume this week has been quite low. Today's price action, especially the afternoon session, was just a tad faster than glacier movement and less exciting. Have been stuck in a tight 1-3 points range, since about 10:30 EST. When a bar takes about 10 minutes to complete, there's a high chance of being induced into a coma.
Tuesday, May 13, 2014
Monday, May 12, 2014
Friday, May 9, 2014
Not feeling it -0.25
Not feeling it today. Missed a couple of decent setups. Also, did a stupid thing. Was mad for missing the boat, after seeing prices rocketed up and kept going higher. Therefore, I went long on the next bullish candlestick that showed up. Retarded! Ended up buying near the high of the day (2 ticks short of the high). Buying high + selling low = donation.
Should have also followed my gut feeling to exit a losing trade early to avoid a full stop loss. However, hope always prevented me from doing this. Hope that the price reversal was just temporary. Hope that prices would move in my favor again. Also, afraid that should prices go in my original direction again, I would miss out by not sticking with the trade. Need to jettison this and just bail at the first sign of trouble. Just leave hoping to the Mega Millions and Powerball lotteries.
Thursday, May 8, 2014
Done for the day +1.25
Ending early, due to allergies, which is affecting my concentration. Allergy season is pretty bad this year.
Wednesday, May 7, 2014
A lot of movement +3.00
Was gonna stop trading, after getting 2 straight winners. However, a short trap opportunity presented itself. Didn't get much out of it, though, as I was shaken out for only a couple of ticks. Would've gotten my full target, had I held steady.
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