Closing it down early today because I have two day-job appointments beginning at 3:00 pm. Again my old favorite, SKF, was sluggish today. I picked up 3 trades on it as well as one small gainer on a PBR reversal. I watched my stops today and tried to stay with the trend I was in. Limited success at that. More on that later. I'm in the process of trying to adopt a format for measuring the % of a given trend I take as a gain. I think the best way to improve on something is to start measuring it. I think it will really draw my focus in on this problem of bailing out too early. The reasons I've mentioned before: a lack of confidence in my ability to recognize a slowing trend coupled with the thrill of putting up a "winner" on the board, even if it is for a paltry portion of the overall move in the stock I'm playing. I'd really like to make progress this month on correcting this difficulty I have.
Hope all had a profitable day; in money, knowledge, or both!
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4 for 4 winners, a 100% success rate. Gain of $233 in 3 hours of paper-trading.
