Couldn't hold the break

If trading was a tennis match, yesterday I broke the market's serve. Today... it broke back. Stopped out on AMZN, SGP and UA. Not the end I was looking for. On to February!!

Hello 2009

Finally, my first good day of the year. None of this nickel and dime crap. Overall, I'm happy with the end result but I'm still just a tad disappointed with one trade... PSSI. I exited too soon after an initial move my way. I usually only sell 1/2 my shares at BE once price moves 1R but I decided to move my exit to BE since I did well with CCL early on. Other than that I did very nice with my FO trade and (as of 3:27pm) my exit seemed to be timed just right. It took 29 days but I finally feel like I had a good day's work.

F-U trades: FO (final exit at 33.87)

Brick wall trades: CCL (exit at fib. ext.), PSSI (BE)

Fist full of hair

I was thinking this would be a good day as, statistically speaking... I was bound to have a good one after two lackluster performances. And things were pretty good. But my best trade of the day, GD, turned on me and, trying to be the good trader and practice good money management, I let those profits slip away. I was lucky to have scaled out at 3R to have some kind of saving grace. The rest of the trades had promise but never materialized.

F-U trades: GD*, NEM, BBY

Brick wall trades: FXI, AET**

*GD could also qualify has a brick wall trade.

**Rat bastard. Stuck around for over an hour with nothing happening, exited and then the stock moved.

66% not good enough

2/3 of my trades today were winners. But... I still lost money. That's because I was chopped around a bit with my winners and the loser was a full stop. Traded CHKP, MCK and CNX (the rat bastard loser). 

Hitting a brick wall

Two trades. Stopped out on both. Entered DUG short off a break of the 10:45 bar low (:15, brick wall setup) and was stopped out. Also tried PNC long off a break of the 10:20 bar high (:05, brick wall again) and nothing. 

No trades

Flirted with ABX but stuck to my plan, waited for my setups and nothing happened. No regrets. Have a great weekend.

Fleeting success

I'm feeling pretty good now that I'm narrowing my entries to particular setups. I missed AFL (9:55/5-min) as it was too early and wavered on JEC (10:20/5) because of the long lower tails prior to entry. I ended up short ADBE twice (stopped out the first time) and the second entry worked out well but price moved against me before hitting the fib. ext. 

I then wanted to short SNE off a break of the 11am (:15 chart) bar low but price never triggered my order. However, I forgot I still had my order in and it was triggered during the 11:30 bar. After looking at the 11:15 bar and seeing it was a NR, inside bar below the ORL, I decided to stay in the trade but manage my exit really tight. Made some money on it... but, like ADBE - price went against me. Also traded ETP but was stopped out.