August 7th- No Trades

No trades today. Day job just finished around 3:30 and I had only about 7 minutes of watching the market action. I got my "fix" before the weekend, even if it was only 7 minutes!
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I think it has been a few weeks, so I'll mention again how much I hate my day-job. If there is a more powerful motivation for me to trade successfully, I don't know what it is yet.

August 6th

Selling and buying, buying and selling. My brain is burnt today for some reason. Can't think after staring at the monitors most of the day, even with a sushi break for lunch compliments of a buddy.

More of the same today... some pretty good entries but some premature exits. I was thinking ahead today... looking for potential places to get back in as soon as I exited.

I am very happy that I am getting better at beating my desire to add to losing positions.

I'm sticking mostly to my practice account for now as I acclimate to the new trading style.

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6 for 7 winners, an 86% win rate. Gain of $165 in 4.5 hours of paper-trading.

great insight...

For those still learning as I am, great insight into momentum trading via "reading the tape" can be found in yeterday's list of posts by Scott at FNG. His 2nd post of the day at 9:20 am and the discussion between he and CN in the comments section of the post are worth a read if you haven't already. It gets you a look into a highly-trained trading mind. It shows why trading is such a difficult thing to master; the same signal can mean many different things in different contexts.

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