sfsamperi.blogspot.com

You have to survive

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

Wednesday, May 16, 2012

the current weekly SP500 futures trade that im in is not looking good.  It could stop me out for a loss after this week.  after checking the chart again i realized i missed a major resistance at 1440, which is way too close.  thats probably why it stalled at 1400.  I didn't see the resistance because i needed to go back one more year on the weekly chart.  simple elementary kind of mistake.  im glad i made that mistake because if a trade is to go bad, i want a good reason for it.  Especially a reason that is preventable.  Now if i can just pay more attention.....

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