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

Tuesday, June 1, 2010

June 1


I had about 45 mins at the end of the day to look in on the markets. I was looking at the weak oil sector for opportunities. DRQ was my initial choice so I took a long, looking for a nice eod bounce off the volume spike at 3:20pm. Time dragged on with the stock staying in a tight range... the doji at the 3:25 candle was promising, but time = risk. I exited with a $1 paper gain. Shortly afterward, the move I had anticipated came to fruition. I don't feel too badly about my exit... it was the right choice, imo.

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