Wednesday's trades
Another boring day for me. Went short CMI off a break of the 5th bar low (10-min). I misread the spread size and calculated the wrong amount of shares (too many) but things seemed to work out at first. Unfortunately, $32 was a strong support area and I scaled out for a very small loss.
I will be patient.
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9 comments:
OO:
market has become even more difficult to daytrade in the last month or so (barring some people who may be altering trade longs!!)
BTW, GWR worked but 2 others thar i traded didnot..so enuff said.
You know... If you had a way of calculating share size automatically from a candle spread :-)
gt: I wonder where I could find a magic tool like that????
Check out this magic tool!
http://www.download25.com/install/free-trade-position-size-calculator.html
OO:
i never use any tool. Wonder why people worry so much about exact amout and exact % of their capital etc etc. You know i daytrade sometime 1-2 min is all there is for the trade to be successful
Schools, bio took off at open. Culled my naz WL up to 300k adv min. I want to know what group takes off up/dn while mkt is dn/up esp from 0%. NAZ upgrades: nflx bidu cent qcom adbe tndm svnt cvlt did well. No pos, a "lazy" way to trade but convincing. Set up prmkt. Will do Thrs. Jamie traded AMGN upgrade Tues nice deal.
I would have expected that to work - the only things you could maybe have done was looking for reversal near round number Support & LOD, or taking partials at like 2R or +/-2%. Stillit never even PB'ed to .382 on X-fibbo system.
QQQBall
I want that magic tool too :)
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