An average game as I had a fast start but failed to back it up with size and could not get a true break out game. 4300 shares each way on 3 of 4 shooting, +754 before commissions, +593 after, 1 bullet.
Last night I started doing nightly chart sessions again, and this morning I had a long and short list via daily chart set-ups. As the market sold off hard I could immediately see a lot of my ideas weren't working right off the bat, and they were quickly eliminated. The ones I had left would have worked well.
My concentration is getting better, confidence is improving too, I am a month away from finishing my first year and I rarely start positions with 1000 shares, I need to pick up my size a little. My exits were good today, although I should have took a few more shots.
Pre-Market: Some more energy downgrade although I just can't see them going lower after three huge sell-off's in a row. Missed the inevitable rally but it is ok, energies weren't on my plan today. Housing numbers declined and I expected further damage on home builders wish I put up a bullet on FLR. A batch of bank downgrades and we are off to the opening bell.
9:30: I had financials on my long list and it was obvious they won't work given the news. I expected a rally but market was down big . . . still there had to be a squeeze and I wish I took APH long which was a flawless shooting star on the daily. DRG sold off hard and I saw a big offer on AGN, bullet and got spreaded for half a point, fortunately it went down another 40 cents and I managed to get out at the intraday bottom. It was actually on my long list but the offer looked too good, still, it was a lucky trade, it could have easily spreaded me for half a point.
9:50: Took CPN and MGA long, got CPN on UTY strength, got 70 cents, MGA I took 30 cents. Tried MGA later off the intraday support (on the tape there seemed to be a big buyer there) and lost patience, got out, could have made half a point. I was up $750, given today being my birthday I didn't really want to force anything . . .
11:00: LEH sold off very hard and went to yesterday's low at 48.25, I took some at 48.3, he blew my stop, filled my at the figure then ripped it a point! Very annoying, I have to call it a day while I still could . . . A few more games like this, and I should hit some four digit games, finally back in the black again. Although my performance, which is usually neck to neck against firm average, is way off this week, but if I can break out of this cold spell in time, I can add some more size, then sky is the limit . . . I can feel the edge again, the edge I lost since I added those bollinger bands on my screen . . . I would like to attribute my slump to the addition of an indicator that doesn't fit my style, hopefully from now on, everything will just flow . . .
The same fateful day in 1979, the Hitman was created, to set the wrong things right, to create wealth for his loved ones, to make their life the best it can possibly be. 22 years later, I haven't accomplished anything yet, but I am in the right position, sky is the limit, the only thing holding a trader back is himself . . .
Last night I started doing nightly chart sessions again, and this morning I had a long and short list via daily chart set-ups. As the market sold off hard I could immediately see a lot of my ideas weren't working right off the bat, and they were quickly eliminated. The ones I had left would have worked well.
My concentration is getting better, confidence is improving too, I am a month away from finishing my first year and I rarely start positions with 1000 shares, I need to pick up my size a little. My exits were good today, although I should have took a few more shots.
Pre-Market: Some more energy downgrade although I just can't see them going lower after three huge sell-off's in a row. Missed the inevitable rally but it is ok, energies weren't on my plan today. Housing numbers declined and I expected further damage on home builders wish I put up a bullet on FLR. A batch of bank downgrades and we are off to the opening bell.
9:30: I had financials on my long list and it was obvious they won't work given the news. I expected a rally but market was down big . . . still there had to be a squeeze and I wish I took APH long which was a flawless shooting star on the daily. DRG sold off hard and I saw a big offer on AGN, bullet and got spreaded for half a point, fortunately it went down another 40 cents and I managed to get out at the intraday bottom. It was actually on my long list but the offer looked too good, still, it was a lucky trade, it could have easily spreaded me for half a point.
9:50: Took CPN and MGA long, got CPN on UTY strength, got 70 cents, MGA I took 30 cents. Tried MGA later off the intraday support (on the tape there seemed to be a big buyer there) and lost patience, got out, could have made half a point. I was up $750, given today being my birthday I didn't really want to force anything . . .
11:00: LEH sold off very hard and went to yesterday's low at 48.25, I took some at 48.3, he blew my stop, filled my at the figure then ripped it a point! Very annoying, I have to call it a day while I still could . . . A few more games like this, and I should hit some four digit games, finally back in the black again. Although my performance, which is usually neck to neck against firm average, is way off this week, but if I can break out of this cold spell in time, I can add some more size, then sky is the limit . . . I can feel the edge again, the edge I lost since I added those bollinger bands on my screen . . . I would like to attribute my slump to the addition of an indicator that doesn't fit my style, hopefully from now on, everything will just flow . . .
The same fateful day in 1979, the Hitman was created, to set the wrong things right, to create wealth for his loved ones, to make their life the best it can possibly be. 22 years later, I haven't accomplished anything yet, but I am in the right position, sky is the limit, the only thing holding a trader back is himself . . .
