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December 26th, 2006 by eyal | Filed under Day Trading. |
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I’ve liquidated the position established about 2 weekend ago. The head and shoulders pattern worked for a while but then stopped going where I wanted. Although it definitely wasn’t a home-run it wasn’t a loser either :-) In the grand scheme of things, maybe a +1RR lol. My scanner was still on throughout the time of course so there are always new opportunities I’m eyeing. Maybe a good engulfing pattern :D
Well, too bad.
BUt hey, don’t worry. You are going to make a good “trade” or “trades” in 2007!
Thanks, Gav. Yeah I’m not too concerned :)
You didn’t try to pick the bottom, did you? You should wait for the turnaround before entering.
Damn, Sharky. Now you’re telling me? ;-)
And try not to have too many trades at once. Two at a time is about the maximum, otherwise you lose track of what you’re doing and they all go sour.
I should write a book.
Yes, I try not to have too many trades at a time, the mechanics of it and ‘paperwork’ needed are more than I can handle ;-)
Yes, you should.. or maybe a collection of tales from yourself and others you know..