Don't read my diary

Quote from increasenow:

any thoughts on this...seriously..why trade stocks and options when you can do the above quote...
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because there is NO edge in daytrading the indexes for the retail trader. while with stocks, edges can still be found and exploited intra day.

regards,

surf

<i>Xtrader is the crack for the middle class</i>---- Mark Fisher
 
Quote from marketsurfer:

because there is NO edge in daytrading the indexes for the retail trader. while with stocks, edges can still be found and exploited intra day.

regards,

surf

<i>Xtrader is the crack for the middle class</i>---- Mark Fisher
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LOL, that's a hoot, in more ways than one.

JJ
 
Quote from angelina:

comments june 1
Market were slightly up and not making any significant candle signals - exception might be the nasdaq which made a gravestone doji (someone correct me if this is wrong). Uptrend still intact and expect at least the sp500/ Dow to move higher the next day or two before hitting the top of the channel and moving back down. Nasdaq might retreat faster.

My holdings:

ICE - Closed slightly below the trendline that I mentioned yesterday. I said yesterday that I would close out this position if it closed below this line, so I'm going to do that. However, I really don't know what the true sentiment is for this stock and I hope that I don't regret getting out at this point. It's still sitting above its 20 MA and perhaps that would be a better stop (opinions on this please). I think that the dealings going on between the CME and BOT are hurting it right now, and I really think that I should have gotten out when it reversed at the gap. Made 4% on this trade and this is disappointing since I held it for many weeks.

MFW - closed lower, but seems to be holding on support from yesterday. I will hold this a little bit longer as I think it's still bullish

YHOO - moved higher again today, but not making very positive candles. It also failed to close over the 20 MA, which is a sign of weakness, but I'm still in it for now.

Will research some new stocks this weekend.
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Trying to add a chart to this:
 

Attachments

Quote from angelina:

Hmm...What's the easiest way to add a chart? Tried a png file - doesn't look very nice and I lost some of the data.
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This program works nicely for capturing a chart. It contains tools for highlighting areas of your chart for focus. Try to save in .gif or .jpeg formats. To post a chart, follow these instructions.

Good Luck with your Journal.

- Spydertrader
 
Quote from JimmyJam:

Of course you realize you can't get away from this element here at ET Angelina, so I hope you have a thick skin.

Actually, I don't - have a thick skin that is. My gut wrenches everytime I go to open this journal - and I'm also eight months pregnant so I've been extra emotional lately. Be that as it may, I'm going to stick to writing here because I have gotten some good comments, suggestions, and feedback. I think that if I continue to post that I will become a better trader because I know there is going to be a very good possibility that people will poke fun of me and tell me that I suck. Maybe this will prevent me from making those dumb mistakes - more so than the angst of losing money.

In response to some of the suggestions that I've recieved, I've started reading Spydertrader's journals. I've gotten about 100 pages into the first one, and now I'm seriously thinking that I should be taking notes on it all so I'm going to go back to the beginning. So far I like what I've been reading - not just the system but also the discipline that Spydertrader has. Too often I take a trade that is not optimal or that violates one of my rules. I know that this is a very bad habit and probably the first one that I want to rid myself of. I've decided to go back through all of the paper trades that I've done in the past two months and record every time that I've broken one of my rules. I'll post this when I'm done. In addition I'm going to keep reading Spyder's journals. Then I will have to decide if I want to change my strategy. I also have a bad habit of changing my strategy before I've been able to really see the results, so I'm not sure yet if I should do that. Maybe some minor tweaks will be more appropriate at this time. I'll have to wait and see.

Thank you to all who have posted here, and thanks for the instructions on adding charts.

Kae
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Quote from nkhoi:

you must be kidding me!, you didn't know about Spyder journal at all?
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Well, yes and no. I started visiting this website about 3 weeks ago. I saw Spyder's journals, but the first page seemed rather complex so I moved on to others that were a bit more entertaining. Glad that someone recommended I read them, but it's going to take me a while.
 
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