Reagan, I had the trade nailed. Premarket I had talked to the person that handles my long term account, and a buy was placed for the open. Also interms of my trading end of things, I was all geared up to buy the open.
Your right, when I let myself get talked out of buying the open, it was hard to go in after the fact, because without a good entry, you had no profit protection, if the rally failed. Also the rally did pause, several times along the way, leaving one in doubt.
With todays early down action, you can see why traders were skeptical about yesterdays rally. Also I see your implied point, about risk, and the logic of playing the more dominate trend.
Going forward, it is obviously going to be a struggle to rebuild this economy, for everyone, companys,employees, and investors. |
