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

Thursday, May 28, 2009

May 28th



Quitting early today as I have a number of errands to which I must attend. Did 17 paper-trades into 8 positions on SKF, all for winners. Mostly fading strong market sentiment for reversals and trying to hold onto the trend as long as I could. For the most part, I did pretty well in taking a substantive portion of the move I happened to be in, although I had a couple where I covered much too early, one just as one of the most decisive trends of the day was starting; great entry but missed an overwhelming portion of the drop between 10:15 am and 11:05am. Overall, I am satisfied with my performance today, although I must continue to try to sharpen my entry and exit points... especially my exits. This will add to my comfort level while in a trade. Many of my entries and exits are noted on the chart.

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8 for 8, a 100% success rate. Gain of $2995 in 5 hours of paper-trading.

May 27th - No Trades

Ooops! I forgot to update the blog last night. No trades yesterday the 27th as Day-Job was extremely busy.