Nice work Sam! I also had the downward bias today. First time I've traded with a bias for a while. Note to self: bias does not exist.
Looking at the daily chart SLV is setting up for a nice swing trade. Would look for it to go back up to around 31 but I would like to see one more down day and see it drop to about 27.50 before entering long. P.S. be careful of over trading
It would have been nicer if I didn't get stopped out as much and let it ride shy of $30. I'm not complaining though.
Today the market is "no bueno!!!" . I might come back in a bit to trade or i'll just show you my burn marks that I suffered within the first 7 MINUTES of open and call it a day.
You and me both man. I'm trying to see if I can figure out a way to catch the initial moves. Lots of burn marks
Old chinese proverb. "The burned hand teaches best" . Losing money always sucks, but its the only way we really learn. What was the stock ?
***ATTENTION***ATTENTION***ATTENTION***ATTENTION***ATTENTION***ATTENTION***ATTENTION***ATTENTION*** Before I post any further, I was reminded by a friend that I was still paper trading. Actually, I wish that stood, for today. However, I have been trading with REAL money since 01/03/2011. At the beginning of the journal, I had put that as my plan and kept to it. Unfortunately, I had forgotten to post that. Hence, when a trade is not going my way, I AM sh***ing brick :eek: