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

Tuesday, September 8, 2009

Sept 8th



11 days since my last trade. I got into the market at 3:15 pm so trend wasn't on my mind. I didn't just "jump in," but rather watched and tried to pick a safe spot for a trade rather than push the envelope. I got that chance in AIG at the 3:20 candle, playing the reversal off the high volume, big price move down as the 2:30pm to 3:20pm trend finished with a "bang." I jumped out of my paper-trade too early but I was here just to scalp anyway, still acclimating myself to the new trading ideas from the Robert Deel book.
Still, it was a positive paper-trade...
Over the next few weeks I look forward to paying more attention to the 7 and 17 EMA's and how price trends interact with them.
Eleven days away from the market seems even longer because I was on a motorcycle in very rural settings; without cable tv or internet for the days the market was open. It seems like a very, very long break and it was a good one. I feel a little rusty so I'll take it slow this week when I can break away from the day-job.