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.
Documenting the Journey From Bluecollar Guy Doing a Bluecollar Job to Trading the Markets for a Living
"A man is not finished when he is defeated. He is finished when he quits."
Tuesday, June 1, 2010
Memorial Day
My personal thanks to all United States Armed Forces veterans, especially to those who gave their lives serving their country. Remember their sacrifice, honor their gift of freedom by preserving it.
Capitalism and free markets rely on individual liberty... the personal rights of property and personal liberty. Remember that "collective rights" and the idea that "It Takes a Village" are code for destruction of individual freedoms. Socialism is the most dangerous enemy to the first ten articles of the United States Constitution; the Bill of Rights. And, of all enemies, the most lethal is the one which attacks from within.
Remember the sacrifice of our veterans by preserving the freedoms for which they died.
To learn more:
http://www.lp.org/platform
Capitalism and free markets rely on individual liberty... the personal rights of property and personal liberty. Remember that "collective rights" and the idea that "It Takes a Village" are code for destruction of individual freedoms. Socialism is the most dangerous enemy to the first ten articles of the United States Constitution; the Bill of Rights. And, of all enemies, the most lethal is the one which attacks from within.
Remember the sacrifice of our veterans by preserving the freedoms for which they died.
To learn more:
http://www.lp.org/platform
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