Jay, you did just fine....You did not follow your emotions..Yes, this time it would have paid off, but 90% of the time, you will get burned with emotions...Never jump on a stock unless it is following the guidelines you set for entry....Today BCGI hit my trigger point at 16.75...My SmartServ alert went off...I had researched the stock the night before...Volume was good, bid ask close together, so I jumped...It was a good trade...You will make the best decisions when you have a firm trading strategy in front of you....Right now, I am building cash,(don't ask me why, somehow I seem to think there will be bargain shopping coming up in December and I don't want to miss out.....Plus, I am disciplining myself for not cutting my losses quick enough on several trades...That is my trading malady...Cutting losses quickly and not letting pride keep me there...I am seriously considering a change from position trader to day trader....That way I have to be out before the end of the day, and only stay another if we have a strong close...I am looking at a new daytrading software system, but if you aren't around to use it, what's the sense....My problem is to be a day trader you can't just be around from 9:30 to 10:00, 12:00 to 1:00 and 3:45-4.00...Best wishes on your trading.....
Regards, Mark |
