i went ahead and exited my FFHL trade since it tanked so much without an immediate reversal. i exited a little after noon i think. a huge bar closing past 20 ema is an exit i think i should use. lost 11.6% on this one. it was looking so great...i did find a price level that i should have used as resistance....FFHL got fairly close to this level on tuesday when it opened but moved down during that day. then wednesday it tanked....i did make a mistake, which is good, since its an explanation and something to learn from. but even if i was using the correct resistance level as my target, i would still only have gotten out at the right time if i considered it "close enough" to the target. if i required the target level to be hit perfectly, i would have still missed out and taken a big loss. thats fine with me. if something opens or closes "near" the target then i'll just take my money and run. i have never been a stickler for that sort of thing. close is enough.

not able to look for entries since i was wasting my life away at the mechanic place while they took 3.5 hrs to rub anti-squeal chemicals on my brakes and run diagnostics on my transmission. right now all my stocks are down, down more than i like. im thinking maybe i entered into them when the market was well above its 20 ema and that i should not do that? the market has pulled back to its average, so maybe now is the time for new long entries? im not sure if this matters for me. FFHL is the only one that took a beating in this little market pullback and i think i just messed that one up.

i had fun spending an hour with you Gaby! wasnt wal-mart a great place? nah? you bought so much beauty stuff. i have a high maintenance girlfriend, who is pretty.