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You have to survive

You have to survive
Every day is a battle, survival is rule #1

Tuesday, July 27, 2010

TSL short entry, LLY and CL exits

got stopped out of LLY not too long ago today for a small 1.9% loss. seemed like a crappy trade from the start. thought i might get saved since this and most of the market was rising on very low volume but that didnt happen yet.

still holding CL which doesnt look that good either but maybe it will get saved, dont know.

i have a ton of stocks to filter through before the close today. most of the volume is too low but i have a feeling i can find a few great trades to enter before the week is over. i have around 130 that i will spend about 30 minutes before the close picking over. before the close all im looking for is great volume with a great bar signal and if everything is ok after going through my entry checklist then ill enter.

ok i got stopped out of CL right at the closing bell for a small loss of 2%. at the same time i entered TSL for a short trade. I still might have a stock or two to enter in the morning. I didnt have enough time to check everything....i have been adding a lot of stocks to my watchlist but now i need to make sure i delete the ones i dont want anymore.

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