Week of March 6-11

I really struggled Friday (yesterday). The second as well as the two final winners were bad decisions that worked out from sheer luck. The first winner was a good trade entry but out much too early. The fourth winner was a good trade all around; tiemly entry and getting out just as momentum stalled.

I am long over the weekend in TNA, going long at $76.22 in the final two minutes after a deep sell-off left it far from the moving averages. This is a pure mean-reversion trade. We'll see how it goes...

Week of March 6-11

Wed & Thursday. I went all-in short of NEM at the close on Wednesday after it ran up like crazy through the final hour and into the close. At one point near EOD, the stochastics were over 99 in overbought territory !! (100 being the highest) With that much froth, I knew it had a huge probability of reversal at the open. It didn't hurt that the markets were big gap-down at the open on Thursday.

Week of March 6-11

I've been blogger lazy about posting my progress (or lack thereof ).

Here's Monday & Tuesday. Most notable is the huge rip I took on Monday when I fell back to my old crutch, averaging better price by adding to a losing trade. I was angry and just exited with the loss. With an average price of $81.39, I would have had a nice gain by 10:30 am the next day. But, that's beside the point. The trade was a bad one once I chose not to stop it out and reverse.