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Market Recap: The bulls did not follow through from yesterday which was what I wanted them to do.. This means that the bulls are not in control any more.. It doesn't mean the bears are in control either. We are now in the middle ground meaning anyone can take over.. SNP 500 has a...

Mrmidnight, I don't use economic data as a guide just because I'm a daytrader so my trading is very short term.. Unless of course it's big economic release such as Fed then I pay attention.. What I use as a guide is pure technical charting.. More of my problem though is emotions.. Like...

I'm stopped out of TIBX.. Im done for the day..

Real Time Update: I bought TIBX Entry: 29.50 Stop: 29.42 Market looks crap but LULU is stable so I wanted to give this stock a shot.. Again, tight stop cause I'm just very weary of this market right now.

LULU stopped me out then comes roaring back up.. I will adjust my stop from now on giving it more room so I don't get stopped out all the time..

stopped out on LULU.. Market looks terrible..

Real Time Update: I bought LULU Entry: 63.82 Stop: 63. 79 Sorry, I was late writing this.. the reason I only have 3 cent stop is because I've already moved my stop up..

Real Time Update: The market gapped down and not looking good.. Be cautious!!!

I was going through my watch-list and I had a bullish feeling for tomorrow. It doesn't mean it's gonna happen but watch out for a good day and be aggressive if in fact, were going higher.. If not, then of course, be cautious..

Interesting day!!! The bears actually followed through to the downside but the Fed saved the day. I personally do not trade when the Fed says anything as it can get very choppy and will usually stop you out.. Now, it's time for the bulls to follow through tomorrow which will confirm...

Stopped out of 59.91 I think I'm over trading now so I will step away from the computer..

I have bought another stock: EL Entry: 60 Stop : 59.91 The market seems to have turned a corner but I'm still pretty pessimistic. As you can see, my stops are so tight.. I just don't trust this market right now..

stopped out of my last 1/3 at 99.95

I'm already out of 1/3 of my position at 99.70 which was 2:1 ratio and now I'm just gonna let it run..

Real Time update: I lied.. I bought another stock.. AGU Entry - 99.50 Stop - 99.40 I didn't want to buy anymore today but I liked the set-up of AGU. The market isn't doing well so I don't know the chances of this stock moving higher.. We'll see..

stopped out at 37.43 One trade today and Im done.. Let's see what happens after the market closes but it looks to me that shorting might be back in the game..

Real Time Update: I bought AKAM Entry - 37.54 Stop - 37.44 I was late on this entry and kicking myself over it.. I only have 10 cents risk but I just hate entering late..

That's good you had a positive day.. Regarding risk/reward, I sell 1/2 or 1/3 of my position when it reaches a 2:1 ratio. For example, my MOS trade today, I had 19 cents risk so I would've taken 1/2 if it reached 59.78 which didn't happen. The rest of my position, I try to let it run.. I...

Aug. 22, 2012 The market pulled back today but I was not expecting it to be this ferocious.. The engulfing candle on the SNP 500 is a big warning sign. Tomorrow maybe a big turning point. If we follow through to the downside, a big yellow light should be flashing on your screen.. If...

how's your trading today?