The market give me the sh####
by, 21st-May-2009 at 01:40 AM (4011 Views)
Well the last week had been more pain than gain with alot of trades getting stopped out. My trailing stop is tight and maybe too tight. I have adjusted the stop to give alittle more room. Being too tight got me out of CFU. Which jumped today up 28%.
Equity has taken a hit with the stops and now I am back into taking profits where they lay. Must protect the mothership.
Using a tool that is quite good at picking reversal to the upside I have entered lots of trades today.
The best out the lot is EWC,MMX.
The best problem with such a small account is that I get fixed on watching the P&L and not trading the chart. On the other hand the market gives you the profit and you trade the chart and the next day it melts away/
Check out BMN I am in since April it must break soon???
A strong day on the dow is needed to get these ponies going. If all goes to plan I may be able to double the account.
Once the account is doubled in P&L I will cash in the account. eg $4000 cash in. Then reset entries and be more selective. Of course the market maybe in a bull run so it may be scaled out. I am still bullish on the market.
Yes I need a feel good intake of big profits.