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

Friday, September 10, 2010

September 10th


No trades yesterday with work so busy.

Today, I had a couple hours to watch the markets and manage my swing-trade in CRM. As the cliche' goes, "when opportunity knocks, you must be there to answer the door." That was not the case with my CRM position because I got to the office too late and missed the LOD and potentially a nice gain. Instead, I was forced to exit with a much smaller gain, if getting out today was the goal. I did just that.

I liked GS for a short late in the day but the thing took off against me, very quickly as it turns out. I really like the formation of the near-doji on the 15 min chart as a potential short-term reversal, so I am holding as a swing-trade on the two part paper-trade.

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