Days like today is where patience really prevails. I notice i'm still trading scared (not good), using smaller lots (which is ok), and micro managing positions pulling off small gains in order to "feel" like a proficient trader or projecting a early loss and taking trade off prematurely. And i forgot the most important lesson: BUY HUGE GAP DOWNS IF THEY DON'T MAKE A NEW LOW FROM THE OPEN!
AMZN - Great long off open as looked strong. Took off +1. I NEED TO LET MY WINNERS RUN. WHEN A STOCK SHOWS INCREDIBLE RELATIVE STRENGTH THEY TEND TO RUN HARD EVERY ONCE IN AWHILE.
POT - Great long entry, but micro managing took me out for a loss of -.05 when the potential was +2!!
LVS - 1st short was too early. LESSON: INDICATORS DIDN'T SAY SHORT QUITE YET. Then a long off bounce for a gain. overall trade was -.10
BIDU - Chased the short but was ok, took gain way too quick. LESSON: IF INDICATORS GET YOU IN, LET INDICATORS TAKE YOU OUT!
TNA - Picked the bottom for long and still took loss by not sitting and letting stock take me out i exited prematurely.
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