Recent content by mattjbarlow

Ain't that the truth, in my case anyway. Yesterday I reversed out of anger and turned a bad day into a worse day. Gave away a lot of my profit for the week. I had six winning days in a row and started getting stubborn, impatient, greedy. Now today I'm going to take it very light, if I trade at...

Seems to be working pretty well, but it is too early to tell. Should have a better idea at the end of the month. Thanks for the feedback. -- Matt

Just outlining my morning trade here so I can give you guys an idea of the strategy I'm using and possibly get some feedback. I'm using the 20, 40, and 200 MA. They all converged this morning along with some bottoming candle formations. I waited a little too long after the bounce and got filled...

It isn't just you. I had a hard time reading the market today and got stopped out for a 2 point loss. I also lost 2 points yesterday. It hasn't been a good week for me so far. I've been having a hard time anticipating the moves we've had and I haven't wanted to chase them. I'm still even for the...

I placed a quick order when price broke out above 1286.25 and exited for a point. Looking at it now, I should have held out for 2. I'm a complete beginner myself and I have to say this is a great journal. I've been reading through it for the past several days and so far I've learned quite a bit...

justyield, I watched BBC as it was just passing lower DU this morning but I decided to stay away because it had gapped open by about 5%. In hindsight it looks like a great trade, and I might have taken it when it passed FRV had I been monitoring at that time. It sounds like you have a lot of...

Wow, this really is exciting. I can't wait to hear more about this, as I just started papertrading the ES but hadn't thought to apply any of Jack Hershey's methods from these journals. Foible, I know where you are coming from regarding the lack of signals. I just started trading this system...

I also watched this, and I also decided not to take the trade. If I remember the chart correctly, it traded down on heavy volume at the beginning of the day, and then the price rose until 11:00 AM on decreasing volume. Didn't seem sound.

This is just an observation, but most of the stocks in my universe are impossible to borrow from my broker.

Mine is the same as yours, except I don't have BITS but I do have TASR added. I can't find any quarterly EPS data on BITS for some reason. I checked MSN, Yahoo, and Zacks.

I exited IVAC for a wash when I estimated it would not reach FRV today. Do most people hold in this situation? I didn't see the point in risking a loss when I was almost certain it would not reach FRV.

I'm in IVAC too. Got in at 10:33 AM at 22.39. Nice job mktman on getting in at 22.00.

Looking great so far. I sold PWEI yesterday for a modest profit of 2.8%.

Thanks everyone for your insightful comments. ASPV appears to have broken out of its channel today on report of its Q1 results. I'm hesitant to buy it because it has already advanced 5.6% on this news, and I'm not sure if it will "run out of gas." I hope it proves profitable for anyone who...

I'm going to try this again. Someone was nice enough to PM me and remind me that a downward sloping trendline should be placed on the top, not on the bottom as I had originally drawn it. Thanks to those who PMed me with advice.