Gross day loss $85 -commissions $24
Day net loss $109
Did very badly today, was not handling
the 5ma line as i should, was buying
into too much weakness, selling into
too much strength, my old story
Quiting for the day
Febuary 22 2002
300 S 33.66 10:15 c 33.78 10:22 -$36
Did not even look at ecn crossover
Always do that!! It ran 8 cents
against me immediately
Always push these trades, if you had
done what you planned 33.75 you would be
in great condition. always go away from market.
The fault in my trading at this point is going
against the immediate 1ma line, I must always
wait until the 1sto crosses over in my favor
Notice how your timing is typically
about 5-10 early think about it slow
down the trades
Always wait for the 1sto to cross you only
have a 10cent stop
300 S 33.46 11:37 c 33.37 11:52 +$27
Once again it goes lower than my exit
exit with a limit order. The QQQ
does not move as fast as you.
slow down, 5 minutes
entry on 1ma bad surge takes it 12 cents
higher, you must wait for more weakness
FEAR as you trade better and better
you will have to stay with your trades
your rule of trading with the 5ma kept
you from going long , very good
300 L 33.35 1:31 c 33.20 1:46 -$45
A bad trade the 5ma was simply not strong
enough. You have to learn patience.
the 5sto was negative, what is wrong with you?
I write out my rules every morning
Like i clean every morning
I follow my rules completely
like i quit smoking completely
I posted the intent to trade before
trading, on my thread
A. Wait until the 1sto crosses over
your way before trading.
1. put in and keep 10 cent stop
2. max. loss is $100 BC per day
3. trade only with 5sto, 5ma, and definite
1ma crossover and bounces off 1ma
4. always trade within 2cents of 1ma
5. post potential trade on thread
6. Go to breakven stop after 10min
7 max. trade 300sh + 100 per $25BC |
