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So far I haven't seen anything that I thought was worth the risk. I would like to get another two pointer before the close, but I don't want to give up any of my current profit for today. I may end up doing nothing.

I'm going to take a break until 1:00. The market is playing around with its 50 day moving average, and while I don't necessarily believe in that kind of thing, I'm certainly not going to mess with it.

SLD 1474 CLOSE 12:12:02 Patience paid. I was getting extremely frustrated, but I was trading from a protectionary stance. I had my stop in at 1464.5, and I was preparing to potentially exit at 1467 if it came back down.

BOT 1466.5 OPEN 11:15:23 I'll try this one more time.

SLD 1464.5 CLOSE 11:09:43 Stopped out. I normally don't use hard stops, but I'm going to try it for awhile.

BOT 1466.5 OPEN 10:53:53

In my other journal, I used to be much more patient waiting for entries, and much less patient with suboptimal positions. Now it seems like I have to force myself to wait for good setups, and I am much more likely to "give it more time" to work out. I used to say that the best way to make a...

Since this is the second time this question has been asked, I am no longer comfortable disclosing information that can be converted into dollars and cents. That made me too paranoid.

1. I have a chart that I use a memory aid. I can look at the chart and remember what the market action was like at that point. It can be useful to know how the market reacted to similiar circumstances earlier in the day. 2. I wholeheartedly agree. That has been something I have strayed...

I just noticed that the NDX is down from 1,493.08 to 1,462.61 for the week (30 points). So at least I'm doing as well as the buy and hold crowd. I'm feeling so bad that this actually cheered me up.

I'm sorry for not keeping up to date in the journal. I've had a difficult week, and I just wasn't in the mood. Here's a synopsis of what happened. On Monday I went long at 1496 and ended up reversing short at 1486 overnight. I figured that the market would go down to 1476 to wipe out the loss...

I fought the tape, and I got killed. I was thinking that it had gone too far too fast, and I tried to get in for a quick profit. Well, the down wave was just getting started, and I lost 10 points very quickly. I reversed at 1486, and will hold this trade until I can come up with a suitable...

BOT 1496 OPEN 14:31:13

BOT 1499 CLOSE 14:19:43 Another scalp.

SLD 1500 OPEN 14:18:51

BOT 1499.5 CLOSE 14:09:01 Quick scalp.

SLD 1500.5 OPEN 14:07:43

BOT 1501 CLOSE 13:38:39 I got a very late start today, and I'm feeling a little bit out of it. I'm going to try not to overextend myself.

SLD 1504 OPEN 13:23:54