Thanks for your detailed answer.
What impressed me, was that the stock was in a small range all day, ended down for the day, and you managed to do well, even with mostly long trades. Looking at your pattern of trades, you basically scalped the "noise", the random tiny ups and downs.
Another pattern I noticed, is that, when you're wrong about the direction, you tend to hold on until you can get out at breakeven. When you're right, you took profits (repeatedly) after 0.10-0.30 moves. I suppose, if the uptrend you kept expecting had ever happened, you would have held for longer.
The main problem, the big thing I don't understand, is how to tell the difference between a head-fake, and a change in direction. I can see where, on several occasions, when the stock stalled for a while, half-way through a move, you got out too early. It looks like, at least that day, any 0.10 reversal, or any stall in the movement for 10-20 minutes, and you went to the sidelines (or even reversed direction).
You did best, when the pattern was "clean". That is, when a move up (or down) continued without interruption, without wiggles and retracements and pauses, and then abruptly reversed (giving you your signal).
You don't seem to use support/resistance lines much, or trendlines. It's mainly a reversal of momentum that you key on.
Another interesting thing is, being able to do this consistently, has implications for being able to time longer-term holdings. That's because stock charts are a fractal pattern. If the units are removed, you can't tell whether you're looking at a chart of the last day, or the last decade. The pattern, the way the stock moves, it's habits and quirks, is the same, regardless of the scale.
This is hard work, and you really should stop to have lunch. Maybe you could get someone to put in an IV line, so you could have a constant drip feed of glucose and caffeine.
Again, congratulations. |
