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Monday, August 29, 2011

Red on day but for small loss. Still very small positions to regain psycological edge!

Decent day re-learning basics.  Kept stops tight and kept loss very minimal.  Really focusing on risk management and reading price action better.  Caught myself during this review of not watching indicators real time and see that i need to focus on utilizing tools.

FCX - Long off gap up open looking for a runner, switched short for small gain to make up for loss

AMZN - Short off gap up fade as market looked to continue.  Wrong

AAPL - short as price action looked toppy

WYNN - Great consolidation and volume spiked showed hand to get long

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