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Monday, August 15, 2011

Daily target hit by +175%. Still trading scared and taking profits too quick

IDCC Great short but was too scared, took small position and took profits quick.

BIDU Short and stopped for small loss, and never reentered.  LESSON: IF STOPPED OUT AND ENTRY RESETS ITSELF, FOLLOW UP.  A realized -.35 loss could have been +7 gain.

GTAT Great short entry but didn't let target get hit, pulled off prematurely

AMZN Great short on break of support.  LESSON: STILL TAKING GAINS PREMATURELY.  NEED TO FOCUS ON SCALING OUT AND NOT TAKING OFF FINAL POSITION UNTIL THE 8 MA IS VIOLATED!!

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