sfsamperi.blogspot.com

You have to survive

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

Monday, March 7, 2011

exited SIRO for a 5.4% gain, which itself is good, but looking back i should have not exited just recently for a loss. My SIRO trade should have been a small gain.

my test trades are only beginning to have their earnings reports come out but are all over the place. focusing on my normal trades might be all i can handle right now.

apparently my WTW entry, was a bad idea. after huge gaps like that a continuation usually doesnt happen. a pullback is expected instead. ok now i know.

also my "tester" trades and any other trades i might have gotten into just recently were probably at a bad time in the market. i realized this after watching one of Mac's (chart swing trader) videos for march 7. i need to make sure i only get in when the market is in a strong trend up, not just when its going sideways but "basically still trending up". in the past week i should not have even tried to enter anything, just looking for setups. the market has been bouncing around sideways and that means its figuring out which way to go, up or down. i have thought about this before, but i need to put it in practice. I remember back when this current uptrend had started that i knew i would have to "figure out" when to stop trading. I knew sometimes im not supposed to enter anything. Well, this is one of those times. Ill just hold onto whatever trades i already have but i wont enter anything new until a new trend starts again. getting a little better at following the market might be all or most of what i need.

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