Currently down about $250. Not a nice way to start the year. My win percentage is completely out of whack. I need to observe my trades a lot closer. Whatever the criteria for buying that exists in my head, I need to have the courage to challenge them and set a new standard of entries. There are also a few things that I noticed. I tend to pay a lot more attention to the things that I'm in. The implication is that I am only as good as the stocks that I'm trading. This year I need to maintain discipline prior to the Open, during the intraday (which includes thoroughly preparing in the afternoon when thing's are slow versus churning), and after the Close. I can't control how much I make in a stock. I can only control my entries and exits. John Lee taught me that, "The market cannot take my money unless I want it to." Makes sense. Here are the charts I've traded all morning.
[ having trouble accessing my screen capture tool ]
Monday, January 3, 2011
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