Hi Geez, Just started reading your journal and I like your style and strategy. Great job so far this year. Keep it up! I was wondering if you could talk about how you derive your watch lists in the morning and what causes you to deviate from it. For instance, today you have traded a few things that weren't on your watchlist so I was also wondering how those popped up for you (like SKF). Obviously, financials are the big movers today so that played a part. But just curious again how the list is derived and what makes you deviate to other stocks during the day. Thanks again!
1:09 1000 COF EXIT 27.77 P/L + 487.09 *made mistake on this, set wrong tgt..dumb mistake..got lucky. Will explain later.
Sometimes it's better to be lucky than good. Was your real target 27.97 based on that low around 10:15?
Well Thanagar..I really screwed this trade up to be honest... 1st I had the wrong stop (22.47) should have been OVER 22.50. 2nd I had wrong entry (22.27) should have been 22.22. My charts were lagging and I didn't realize that. 3rd: I actually hit my intended tgt and I had the tgt set as if I had a .25 stop not .20 stop. the worst past is...this is the only trade I made $$ on today...ughh. Lessons learned everyday.