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This blog is geared towards improving my trading knowledge and recording my trades. I am not licensed to give financial advice. Trade at your own risk. It is your fault for losing in this money game.
Monday, October 11, 2010
Did this daytrade just for fun. It followed all my rules except i waited for a better close past the 200EMA on 1 min chart. exit since it closed past 20ema but it did end up hitting target line. basically a great trade but i definitely would prefer daily moves instead of 1 min. having to constantly monitor this one trade was boring and hard for me to do since i get distracted easily. Bigger daily % gains and plenty of time for research, only checking once or twice a day......all sounds so much better to me. Even if in the long run i would make a little less money.
No exits or stop outs today. My AXP and CMA trades look like they already ran their course but i placed my target lines just a little farther than i should have, so ill see if they retest their targets again. Overall my 9 trades look ok.
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