Nothing happening
When my watchlist is widdled down to 2 by 11am... time to call it a day. Have a good weekend.
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7 comments:
I saw PANL after the fact. What a lousy week - hope next is better.
Somebody must have traded BSC...not me. But interesting. Way up premkt. WNR was a Fitch Bond Rating downgrade per MktWatch I noticed premkt, no trade. Slid from the open 15.5-13.5! News is good...sometimes. Financials led the pack downward! LDK had a nice pattern.
tom t: I agree that last week was trying. If you missed good setup early on in the week you paid for it later on. Just have to stick to your guns and don't let the market freak you out.
when OONR methodolgy doesn't work for me, i just use the reverse of it.
Sweet & simple.
anon..
So when do you decide that the strategy isn't working ?
Friday was easy as I only had 2 candidates left after the weeding process and neither one of those had nice looking charts. At that point I could've waited for the charts to clear up or call it a day. I decided on the latter. If I have candidates... then I'll stay as long as there's a play. I also call it a day when I've accumulated a specific loss amount (around 2R) or when I've done very well.
hello 00nr
Thx for info. My comment was more directed at anon...and was slightly tongue-in-cheek :-)
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