sfsamperi.blogspot.com

You have to survive

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

Tuesday, October 26, 2010

Entries, exits, daytrades

Yesterday:
Gained .18% in a daytrade with ADM.
Lost .3% in a daytrade with AKS.
Gained 4.4% in a position trade with CMCSA.
Lost.13% in a daytrade with AET.
Entered RIMM for a position trade.

Today:
Gained 8.5% in position trade for RIMM.
Lost 1.6% in a daytrade for AEP. (1 min charts are dumb)
Gained .17% in a daytrade for A.

Hitting 50% probability just with these trades. I have had several gains just before this also, so really its well above 50% over the past week or so. The best part is....i think i know how to avoid the losses i took in the last 2 days. My mistakes were either not have consilidation (not having a pattern b/o) or not trading with a sold market trend (strong EMA's and steep TL). ALL my gains have those two things.

Trading on 1 min charts gets annoying and tedious, dont like it. i make mistakes and am forced to rush too often. but its good practice.

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