Feb 26th

This was a quick day for me trading. I watched the SKF during pre-mkt, saw the move down in the 9:33 am candle (on a 1-min timeframe) and shorted 1000 shares at 151.46once I thought it would soundly crack the $151.50 area. Boom, there was the breakdown and I rode through the candle and into the next one as SKF collapsed. I covered at 150.23 for a $1.23 gain per share. I forced myself to sit through the inter-candle chop... I really wanted to bail, truly had the feeling that I should cover when the wick rolled up to the $152.50 range but I bit the bullet, trusted my gut that this was a breakdown in the making and rode it. Now, I still think I got out too early. I covered into the 9:34 am candle at $150.23 but the price dropped fully to about $149. So, that "get out, get out" with short gain mentality is still in my head. Also, the reversal was right around the corner and would have made a nice long play starting with the 9:35 candle (1-min time) through the 9:39 candle if you could have sat still during the 9:38 red profit-taking candle. On a more big-picture view, long at the 9:35 reversal upward would have yielded a stronger gain if you could hold into the 9:49 am candle. It would have taken some fortitude though to sit through the 9:40-9:48 candles... that looks like an uncomfortable waiting period. As I write this, SKF is in the 10:01 candle and is tanking big time. 9:57 -10:01 candles...what a solid move down- 5 straight red candles on a 1-min timeframe!
I'm done and am watching, however! After the past two days, I'm going to take my $1.23 and run. I'm going to try to post today's screen shot onto the blog (thanks to Yngvai's hints on how to do it). We'll see how this goes. Plus, I've got a lot of tax stuff to do today and then volunteer teaching tonight to prep for.
Good luck all.
Green line on the chart indicates "go," my entry point short. Red is "stop," my point of exit.
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1 for 1; 100% winners. Gain of +1.23 per share.