I did not trade too well after that. I got some winners but took profits too soon. I manged to recover some of my losses. I ended the day down 62.00.
Thursday, February 22, 2007
Day spent trying to come back
I had a bad start. After three trades I was down $175. The first trade was an impulse trade(not part of the plan) on WFR. I tried to play a breakout again and lost $50. I have not had any success in those kind of plays so I should probably observe or paper trade those until I get a feel for them. The second trade I took was on FCN. The stock was stuck in a range and it cost me $36. Then I had a 200 share trade on TSL on the break of the 2nd 30 minute bar at 44.99. The stock had a quick 50 cent pop. I held on thinking it would go higher. My winner turned into a loser when it sold off. I got out at an average of 44.625 and lost 73 on the trade. The stock was at a major resistance area.
I did not trade too well after that. I got some winners but took profits too soon. I manged to recover some of my losses. I ended the day down 62.00.
I did not trade too well after that. I got some winners but took profits too soon. I manged to recover some of my losses. I ended the day down 62.00.
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2 comments:
I wish I was down 62 today... I think you problably did ok, all things considered. check my trades
http://59-cedar-st.blogspot.com/
Come into Glenn's chat room. It gives you more perspective, more trading ideas (but you still have to be very selective). I really enjoy it in the past 3 days.
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