+29.20 Net 2400 Shares I started the day off well. I've just slowly bled back about 100 bux in profits. I'm calling it a day.
supposed to be a great market...but somehow always got killed in this kind of market..great lesson.. -55
goal for the week is to catch trends using small share sizes, work on consistency then increase incrementally. caught KG and GGC both 200 share positions and scaled out half near major support/resistance levels. scalped the afternoon just couldn't find a good entry to ride the sell-off. nice to finish at high for once
2800 shares/ 26 trades /15 cancels and one hell of a missed move on Rimm....order was about to get sent and my puter and myself froze.....also left alot on the table....moves where violent in the last 1/4 of the day when initial balance was raped... edit ...good job arnie....didnt hear the dog today..i wonder why
<i>"Who amongst us would keep banging away on keyboards in a day like this, when we can be outside enjoying life itself?"</i> (slowly raises hand sheepishly from the keyboard) Shorted a couple of times past 2pm est, caught the first chunk lower and exited at ES 23.50 Watched another sell signal setup at 1422, sat there like a newb in the headlights while it crushed straight lower post-haste. Same thing from 1412 sell signal near 3:10pm est, repeated process. * Tried to buy 1406 and then 1407 off the lows on way up to 12.75 but no fill on either limit order. Blew upside without me. Last signal offered was sell ES 1408 around 3:40pm. Decided to keep what I managed to scrape together, folded up shop and watched them smash back down to 1400 level. ** Market zigged while I zagged several times past 3pm EST. Total tally for today was +30pts ES cumulative. A couple different decisions would have been +50pts or better. But, we all make mistakes in real life. Welcome to the new bear market, just awaking from its five-year slumber all rested & energized. Much more of this wild action to grace our charts thru 2008 if not beyond.