It was a good day with a few base hit singles.
The best looking trades were a short of ECA into the retracement zone (a.k.a. "bread and butter" sell), and BWNG long.
Take a look at the charts, and I will post my analysis tonight. I hope everyone had a good day.
4:22 EST edit - WMT ended up hitting the target (I traded the 30-minute chart but used the 15-minute high for the OR), and MLS ended up being a good short. All in all, it ended up being a really good day. Look at the charts on your own and I will post a few tonight after 24.
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Tags:
Trader-X, Stocks, Fibonacci, ECA, BWNG, WMT, MLS
The Most Important Lesson in Trading Psychology
6 hours ago
5 comments:
Great blog. DO you post all your trades daily. ANd, how many trades do you make a day?
Hey anonymous (post a name! make one up!) - you can find the answer on my FAQ, but to make it simple...no, I don't post all my trades. And, I average around six (round trip) trades a day. Sometimes as high as ten or twelve, sometimes as low as four. I prefer a lower number because it allows me to manage my positions better.
Just wanted to say you have a great blog. Please keep it up.
Jerry
ah, another Jack Bauer fan :-)
Iceman
Hey Iceman - yes. We have several who read the blog...see last week's post/comments.
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