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You have to survive

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

Friday, August 27, 2010

ADSK, COL, DBC, DBO long entries

I entered these four beauties right before the close today...all longs too.






I also had CHRW and COST (darn i liked this one) exit at their break-even stops. Turns out that COST didnt even have a large enough channel range for me so maybe its jump in volatility couldnt be handled by the small channel.
I started thinking after looking at my COST trade and i think i should start TRYING to use the next TL as a target instead of just a general area where ill assume my trailing stop will occur. It should be my official target and if it ever gets touched i will exit. My trailing stop should be the safety net, not my main form of exiting.
I have also decided that the volume of prior bars to entry bars in a bar signal are virtually meaningless. I have skipped trades based on prior bars' volume and now i think that was really stupid. All that matters is for my entry bar to have nice volume.
time for some World Soccer on NES



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