This blog is geared towards improving my trading knowledge and recording my trades. I am not licensed to give financial advice. Trade at your own risk. It is your fault for losing in this money game.
Sunday, April 7, 2013
NDXT happened to end in a loss for me. I was stopped out at 1533.30, took an 11 point loss for that trade. But with the amazing power of hindsight I see how it was a determined but messy/volatile rise up to the resistance I found. My resistance worked and the wonderful people in this market did sell and push the price down like I expected but it was so volatile on its way down that I got stopped out before the plunge. the nasdaq tech sector is messy, too messy for me right now. maybe I should keep an eye on volatility prior to entry. NDXT did have quick/ strong/upward rallies but the consolidation in between them had deep pullbacks. about to review more charts now.
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