August 6th

Selling and buying, buying and selling. My brain is burnt today for some reason. Can't think after staring at the monitors most of the day, even with a sushi break for lunch compliments of a buddy.

More of the same today... some pretty good entries but some premature exits. I was thinking ahead today... looking for potential places to get back in as soon as I exited.

I am very happy that I am getting better at beating my desire to add to losing positions.

I'm sticking mostly to my practice account for now as I acclimate to the new trading style.

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6 for 7 winners, an 86% win rate. Gain of $165 in 4.5 hours of paper-trading.

great insight...

For those still learning as I am, great insight into momentum trading via "reading the tape" can be found in yeterday's list of posts by Scott at FNG. His 2nd post of the day at 9:20 am and the discussion between he and CN in the comments section of the post are worth a read if you haven't already. It gets you a look into a highly-trained trading mind. It shows why trading is such a difficult thing to master; the same signal can mean many different things in different contexts.

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