"A man is not finished when he is defeated. He is finished when he quits."

Friday, May 22, 2009

May 22nd

I'm going to call it quits for the day at 12:45 pm. I have many things to do to prepare for the Memorial Day holiday week-end and I'll have to begin before end of day.

I had a pretty easy time of it today but i still am a bit shy about holding my winners. I'm still trying to get a feel for true changes of direction as opposed to fake outs. As such, I sell rather than give up gains. I'll studysome charts over the week-end to try to get a feel for volume and where these changes of direction take place. Monday is a holiday and Tuesday is a very busy Day-Job day so I don't expect to be back in front of the markets until next Wednesday. I'm still reading Trading in the Zone by Mark Douglas so I'll work on that to keep my mind on stocks.

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To all American Veterans of military service out there...
You serve at often lousy pay, in less than ideal conditions, sometimes horrible conditions, while offering your lives in defense of the United States. You serve out of responsibility for your fellow Sailors, Soldiers, Marines, Airmen, and Coast Guardsmen beside you. Thank you.
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And for those who have been wounded or killed in action, may God stand by you and keep you forever. No words can describe the sacrifice you have laid at the altar of freedom. I am humbled before you.
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To my late father Henry, US Navy 1944-1946, I honor you and wish every day that you were still here with us.
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To my late mother Rosalie, who during the same period struggled to keep the home going and raise a baby daughter while worrying that her husband would not return; working in the shipyard filling in for the men who were away at war; you too deserve the recognition afforded those on Memorial Day and my love and gratitude. It is often said that the toughest job in the armed forces is that of spouse to he or she who serves; you knew it first hand.
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8 for 8 winners, a 100% success rate. Gain of $1,071 in about 2.5 hours of paper-trading