The last few days is looking like a temporary dip in the market, the kind you would want to buy into. My trades are looking from ok to great. No time for new entries today. I will try to get out of CMCSA, LGND and SIRO with limit orders that should trigger if the market edges up a little more. I will also just exit with a market order for TER. All these trades have resistance lines that i didnt see before, specifically daily prior hi's/lo's. From now on i will really study the prior hi's and lo's on my daily chart and watch out for new lines formed after entry, which tends to happen if the stock gets a little choppy after my entry bar. TER i should not have even entered since i bought it right on a resistance line but maybe i can get out around b/e. CMCSA, LGND and SIRO might all be good profits, just smaller profits than i first expected since i didnt see ALL the resistance that i should have.

Hi gaby! You are the best!

went ahead and got out of PDCO again. having a stop loss order working did mess things up but in the end, it looks like its not staying in the strong trend anymore.

PDCO and FFHL were both victims of me skipping minor, yet, still very important recent hi's. every prior hi and low matters from now on. i could have had good exits from both...

ill just keep doing what im already doing, and watching out for as many daily and weekly recent hi's as i can. flattish day and nothing looked good for a new entry. i feel like im not doing good but if i keep seeing why im not doing good then doing that, is good cuz i keep learning my mistakes.
i just dont like how i havent had an easy, well-deserved, string of gains in a few months. there is just so much to learn i guess...

Gaby is beautiful and nice to me, i will see her tonight i hope.

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.

stop loss working order lesson- dont use them

I learned a new lesson. I was wondering if i had really screwed up anything. i thought, and i thought, and i thought. nope. everything is fine. just a new lesson, which is really good. I was stopped out of two trades on thursday, SIRO for a 3.7% loss and PDCO for a 6.4% loss. Both triggered my stop loss orders after large gap downs and both immediately retraced back up above their 20 ema's and completely filled their gaps. PDCO gapped down a ton. At first i was really dissapointed to see PDCO, which has trudged up for a while now, tank on me. i was thinking maybe i should switch back to index futures again, to avoid this craziness. but no. i should just have a mental stop instead of a sitting order. having a working stop order makes you a sitting duck for market makers. stop orders dont help at all when there is a huge gap anyways. out of all the trades that i have made, a working stop loss order has never actually "saved" me. any time i have exited, i could have just exited on my own for trivial small differences. in the end, a huge quick move is unstoppable so a working stop loss order is pointless if you check your positions regularly. huge quick moves usually retrace immediately too. for the record i took the two losses but i also got back in to keep following these moves. no more working orders for me.

i entered GOOG for a short trade that interested me. just curious to see it push up to a price level on its daily chart. not in my normal trading routine.

i want to see SIRO and PDCO continue on with their moves.

WTW long entry

i checked out several stocks before the close today but i only entered one. i got into WTW. the stocks i skipped had consolidation that was too volatile or not long enough, one had a reward that was less than risk and a couple had trends that were weak instead of strong.

5 long entries

Out of 8 stocks that i checked out today, i entered long on 5. I havent gotten into that many stocks in one day in a long time. unusual. and i have been turning down many that look near perfect lately. i got into SIRO, BHI, CMCSA,TER and LGND.

i will keep looking for longs that have no resistance in the way. i love u Gaby!