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You have to survive

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

Thursday, April 21, 2011

Forgot to exit PFE before the close, ill get out of it by monday.  it made a large down bar today.  EWA  and WAG are looking good.  HPQ is not looking good but ill hold onto it.  HPQ is going against the market.  I wanted to see how well it would do since its downtrend looked good while the market is starting to push up well.  The move in X that i watched also is not looking that great and it had a nice downtrend too.  Ehhh, i think ill just stick to trading with the market from now on.  Trading against the market trend is tricky no matter what the stock's trend looks like.

Thinking about entering right before close into my no resistance areas.  Sometimes the area works so well that the first close into it is a big gap.  Id rather not miss out on that profit or sit through a temporary pullback.  Or i could just enter the trades that give me an entry at the bottom of the area.

2 comments:

  1. I can see all the knowledge you have about the market and financial situation that is going on right know. I would like to know more since I´m investing some money that if it goes the way I want, should be the money I use to travel to Argentina and rent buenos aires apartments. I´ll give you more details later but I just wanted you to know this so I can plan according to your advices.
    Thanks!
    Kim

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  2. The best advice i can give you is to figure out if you just want to make a gamble or not. If you just want to gamble, go play roulette at a casino and bet on red. If you want to learn how to make money from markets long term, then spend a lot of time learning. Thanks for the comment Kim, ciao ciao

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