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

Tuesday, March 16, 2010

March 16th


Again, I got to the markets later than I wanted. But, day job has been busy of late. Two winners and on loser when FAS didn't break down at the close like I thought it might.

My second trade, the first today in FAS, was a good entry and a good read of the price action. I bailed out far too soon again, though. I missed a bulk of the move.

Still, it is only paper-money and practice trading, and I am happy with the intuition I am developing. I've stopped pressing so hard to learn it... it will come in its own time. The market will tell me when I am ready, I just have to keep on with my studies.

Monday, March 15, 2010

March 25th


I had but 20 minutes at EOD to look in on the markets. Here's what happened:

Ok, it's not that dramatic. Paper gains of $100. Played the reversal of that sweet move down in FAZ. Wow...that was a great down-draft. Too much day-job to be involved earlier than I was.

Friday, March 12, 2010

March 12th


I had 30 or 40 minutes to look at the markets today. I took two trades in Mosaic. I was in too early on the first and held on to see what would happen. It was then that I finally saw the turn coming in the move I was fading, so I played the turn with a second entry, lowering my average price. Yes, I gave in to my impulses again. It is difficult to avoid it when I can sense the reversal is upon me.

I got out with a small gain on the two trades... what a shame because the move just kept going up! Once again, out too soon! I took 4 or 5 cents of a move that offered me up to 58 cents.

It was mostly that I had to get to work on my construction project. there simply doesn't seem to be enough time to do it all. I was installing the exhaust fans for the 2 bathrooms. What a pain in the behind... climbing up a 12/12 pitch roof to reach the soffit to get the cap on the vent. I am getting too old for this! The second fan was on the back of the house where there is a 5 pitch so that was much easier to deal with. After 3 hours of that, I moved on to putting in the baseboard heaters. Tomorrow, I'll start sweating copper joints and affixing PEX tubing. I won't tie in to my boiler until the end of the project. Then, it's potable water lines for a kitchen and two baths. Right now, I am trying to get to a point where I can get insulation in and drywall on. That's when the fun begins. Tiling, hard wood floors, paint, cabinets, doors and trim. I am not being facetious either. I actually do enjoy the finish carpentry.

I'll keep after it though, because my instincts are improving... I can feel it.