One-dont catch a falling knife
Bad trade with MER..watch the daily candle.bought it on red candles..wait for confirmation of candles.
two-also watch moving avg. move concave up
Tuesday, July 31, 2007
Monday, July 30, 2007
Crap planning
should have made bank today...Always know the prior low..Should have had that info on MER and GS and when they held the lows..should have bought.
GDX
consistent mistake...got out too early..FEAR!! need to let my winners run!..But I got out afraid a winner turn to loser..
Also, did not buy Mer..should have. Risk reward was there..
Need to have a more clear entry point and stick to it.
Also, did not buy Mer..should have. Risk reward was there..
Need to have a more clear entry point and stick to it.
Saturday, July 28, 2007
Focus
Need to have clear plan and go with it. Example, Apple and bidu hit my supports but i did not buy it.
I am learning it is better to have way less stocks. Stop the sill URME and DNN.
Better to take a swing for appl or crox and get stopped out then take my losses with DNN when the upside is not there.
My goal to make 1000k on trades. Cannot not be done with them.
GOAL, get to cash. Trade high BETA.
I am learning it is better to have way less stocks. Stop the sill URME and DNN.
Better to take a swing for appl or crox and get stopped out then take my losses with DNN when the upside is not there.
My goal to make 1000k on trades. Cannot not be done with them.
GOAL, get to cash. Trade high BETA.
Wednesday, July 25, 2007
Investing Mistakes
Trading without a clear plan, and not getting out when things go against me..Look at Ice run..i of course bought the laggard NYX..
Lesson, buy best of breed!
Lesson, buy best of breed!
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