tag:blogger.com,1999:blog-1325562478910773152.post5861229124830160826..comments2023-10-05T07:58:27.997-04:00Comments on OONR7: Friday's tradesUnknownnoreply@blogger.comBlogger5125tag:blogger.com,1999:blog-1325562478910773152.post-17081223814902612572009-05-02T12:24:00.000-04:002009-05-02T12:24:00.000-04:00tl: that's good advice. It's a matter of c...tl: that's good advice. It's a matter of conviction. Playing too defensive can really wreck your P&L. I do feel like it will come together soon. To your point about getting out at BE... I have recently adopted an attitude that if a stock doesn't move within 2 bars after entry - I need to think about partialing out immediately.OONR7https://www.blogger.com/profile/17622886234639917711noreply@blogger.comtag:blogger.com,1999:blog-1325562478910773152.post-56162530047091376572009-05-02T06:04:00.000-04:002009-05-02T06:04:00.000-04:00That's absolutely true. I've been too picky in my ...That's absolutely true. I've been too picky in my trades lately. It's like I'm always waiting for the trade to set up "perfectly". I remember Jamie said somewhere on his blog that if it fits 80% of your criteria, go ahead. Also, if it's good enough, I should be able to get out at BE at worst. It's all about risk and reward. I'm trying to implement that attitude.TLnoreply@blogger.comtag:blogger.com,1999:blog-1325562478910773152.post-62382191804901823532009-05-02T03:25:00.000-04:002009-05-02T03:25:00.000-04:00tl: sounds like you and I are going through the sa...tl: sounds like you and I are going through the same thing. Although, for my part... my hesitancy is partly tied into waiting for the 'perfect' setup. I find I talk myself out of way too many good trades for fear of being wrong. I have to keep remembering that it's a probability game and if I can stick to my exit plan consistently... everything should work out fine. Looking forward to next week.<br /><br />bl: sounds like you have a good plan scan your WL. As for your last sentence... I think that's absolutely correct.OONR7https://www.blogger.com/profile/17622886234639917711noreply@blogger.comtag:blogger.com,1999:blog-1325562478910773152.post-6686550329923364042009-05-02T02:57:00.000-04:002009-05-02T02:57:00.000-04:00NR I have 1)a 95 naz WL stocks >$30: sohu amag ...NR I have 1)a 95 naz WL stocks >$30: sohu amag vprt rimm fisv pnra hmsy gapped up. I chart up 1/5 or 1/10 and that's it. Having them early I don't have to start chasing success and those 7 are on one page. I could make 4 pages of 4 different time periods 2)a premkt naz eps WL: jrcc flir mxim qlgc lpnt drys. BTW the coals rocked at the open, 2-4 pts by 1:30. Shippers too. 3) a premkt +8%naz WL: bmrn baby arba hmsy bgfv vprt ewbc.I need to keep it simple, have an early WL vs chasing success. Any one of those WL would have been profitable. You might being buying too late in the day for these mkt conditions. In a strong bull market, there is no fear, and prices rock all day long.blhttps://www.blogger.com/profile/00896711870488137533noreply@blogger.comtag:blogger.com,1999:blog-1325562478910773152.post-31310349110699977712009-05-02T01:03:00.000-04:002009-05-02T01:03:00.000-04:00I feel your pain man. It's very annoying to pass a...I feel your pain man. It's very annoying to pass a good entry and then see it explode.<br /><br />I had a similar experience today. I found a perfect entry (for me at least) on APOL (18/ 15). But when I made the order on IB, I somehow decided to wait 1 more bar for no reasons. I really can't recall why. Like any other good entry, it never gives you a second chance.TLnoreply@blogger.com