Lost 800 bucks today fighting the tape.

[KINGOFSHORTS]

NEVER fight the tape!

I fought it like a fisherman trying to get that dolphin.

Oh well, At least I have a short term loss

Anyhow onward for friday.

The loss could have easily become a 15-20K loss If I kept fighting

 

[Petsamo]

Those who are sitting in cash and not long, also lost - to buy and holders.

 

[athlonmank8]

There are great ways to prevent this. Try not focusing on price so much and focus on price in relation to time.

 

[orange_trad]

Quote from athlonmank8:

There are great ways to prevent this. Try not focusing on price so much and focus on price in relation to time.

Please elaborate.

 

[cleveland45]

Friday is generally not a good trading day (at least imho).

for one, there is an options expiration on 1 friday each month.

Did an analysis a while back and found more Fridays down than up.

I always remind myself ahead of time and even take the day off.

Your experience may be different.

 

[orange_trad]

I sure hope athlonmank8 meant something less [insert favorite adjective] by "price in relation to time".

 

[R. Raskolnikov]

His post was from Thursday.

Quote from cleveland45:

Friday is generally not a good trading day (at least imho).

for one, there is an options expiration on 1 friday each month.

Did an analysis a while back and found more Fridays down than up.

I always remind myself ahead of time and even take the day off.

Your experience may be different.