Day gross loss $117 - commissions $60
Day net loss $177
A very disappointing day.
1. I continue to try to call turnarounds in a trending
market. To combat this tendency I am
adding a new rule that says if the QQQ
is trending under its 5ma line i must play it
short and if it is trending above, i must trade
it long. The trend must be for at least 1/2 hour.
2. at the end i made a irrational trade of 500 shares
that cost me $90. I don't know why I lose control like that
When i break my rules i can't trade the next day.
so no trades tomorrow
3. Twice i added to positions, when i mean't to exit
I have to be very careful to avoid that
Febuary 19 2002
300 l 30.20 10:30am c 35.08 10:41 -$36
slow down, too early, why can
you not find patience.
the qqq is much more ponderous, than you
play it
S 35.04 papertrade out ok
300 L 35.05 11:00 c 34.94 11:16 -$32
should have been out at 11:10, implement
this rule. You can play these probes much
better with the 10min rule. Its hard
but never break it, like you would not
break the stop rule
Was tempted to move the stop but did not
at least that was good, the operation
a success but the patient died.
nice limit entry, but still trading much too fast
did not chase it, stop seeing the moves of the QQQ
as 2 dimensional, a trend has to develop
and it develops through probes, these probes
you must play on the high side or you will be
stopped out. always play with a move against you
I have a big problem, in trying to call
bottoms and tops
L 34.97 papertrade out ok
L 300 34.99 11:33 c 12:06 35.03 +$12
This was a costly mistake, I mean't to be
closing my position, not putting on more
L 300 35.10 11:44 c 12:10 35.04 -$18
This was a costly mistake, I mean't to be
closing my position, not putting on more
I had the sense to exit the position
once the 1ma line started breaking down
L 400 34.71 1:11 c 34.82 1:24 +$44
L 300 34.82 1:31 c 34.87 1:42 +$15
L 300 34.75 2:11 c 34.67 2:45 -$24
come what are you doing you will never
make being so early
Play it too weak, and too early and missed
the move, it is fitting
L 500 34.69 3:06 c 34.53 3:15 -$80
Broke the rules acted irrational, god help me. |
