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

Thursday, April 12, 2012

coincidence? I say no...



The pullback did come slightly later than I expected, but isn't it interesting that the pullback came down to my short entry spot, then bounced up.

How do I know I am not ready for real money trading? Because I was part of the herd that impulsively went short at that 55.84 level. Price continued up then came back down to retest it, the shorts there at 55.84 who didn't stop out during the pop bought to cover and the price jumped as a result (see chart).

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Might get some consolidation here...

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