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

Friday, April 20, 2012

Today, one practice trade so far




Here's my one trade today from earlier: 11:45am candle. I didn't follow my exit rules and got out on a false signal. The stock halted upward momo when it hit the 17 EMA so I got out. Starting with the next candle, WLT continued higher without me. I had anywhere from a 75 to 85 cent winner available to me if I had played it properly. Looks like I have to get back to my exit rules in order to combat my penchance for "cutting and running."

UPDATE: I performed just the one trade today.