Daytrading the QQQ

don't know if this is a big pullback or a trend reversal

 

Thanks for your interest Smallstops, I appreciate all feedback and dialogue.
1) yes, my second trade from yesterday was a good entry which resulted in a loss.
2) my plan is pretty simple allready. I only add to winners
3) eh? yes, trendtrading
no, up trends and downtrends
4) perhaps there is, I always think I'm a machine though

 

buys here 78.12
stop 78.00

 

add 78.19
raise stop to .12

 

sold add for +.06
holding 100

 

second part out for +0.09

 

i made some money, but it wasn't perfect trading
perfect trading would have been the entry at 78.07
leave the 77.78 stop untill after the first pullback and then the add at .12
then move the stop to 78.00

then i would be still in 200 shares

disadvantage is: wide stops
and letting winners turn into losers
both things i that i dislike

 

anyway, then i would have loss right now instead of the 13 bucks that i banked.
so i did good in hinsight.

 

oh man
hod 78.33 is resistance
it stopped right there
http://www.stockta.com/cgi-bin/analysis.pl

 

back in long 78.11
stop 78.02