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Thursday, June 28, 2012

Ended day red as got chopped up

Took 2 real trades and took losses on both, papered 3 others and killed it off 1.  So ended up going 2 for 3 but due to being able to stick to plan while papering, i'm proving to myself that i need to stick to original plan in order to become a better trader and not re-evaluate mid trade.

VRTX - Great reason why to utilize stops

PANL - Looked strong but faked me out

NKTR - Looked like B/O but fake out

GMCR - Great B/O pattern but failed as well

PCYC - The trade that had the plan but only papered

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