April 30

No trades. Unbelievably busy with day-job today.

April 29th

I had only about 45 minutes to sit at the computer today and it was EOD. Rig was on my list as a big mover today so I had a look at it then made two paper-trades, both for winners.

Although, the first trade did get away from me because I was in early on my trade idea... that is to say, I was wrong! As I had expected, RIG did reverse.. better late than never. Wow, what a reversal it was, with a rocket-ship candle of $1.32. I was out far too early but did manage to get 24 cents of it. This seems to be a recurring theme dating back as far as I can remember. I am in early and out early. I do not let my ideas develop fully before acting. Patience, Patience, Patience!

My final trade was a scalp just as the 5-min candle was ready to end, so I could ride price down when the longs took profit off that monster green candle. Again, out early on it but I really didn't expect the price to drop much after such a strong move in the preceding candle.

LOL funny...

If you like the movie "A Few Good Men" as I do and are fan of Jack Nicholson as I am, you will delight in Upside Trader's rendition of the courtroom scene in the movie. See it here, copy and paste if the link doesn't work...

http://www.upsidetrader.com/2010/04/28/you-cant-handle-the-truth/