For trade images go to:
http://paleincomparison.com/blog/102006/10102006/
Today I kind of let myself down. I was a bit too chicken to take some setups, and too chicken to get enough out of the ones I got in. PHRM and PRFT did what I want all my trades to do, which is put in a nice intraday trend into the close. But I didn’t get enough out of them. I thought it was another choppy day in the market, but it was one of those days where even though the indices chopped around and were in a range, from my perspective it was a bullish day as I saw a lot of riskier setups follow through. I hope one day to be a better trader that’s all I can say, on the other hand, I seem to be back to my previous patter of holding above breakeven after commissions for the not so great days, but then doing well on days like today. Let’s see how long I can keep this up this time lol.
There were some great examples of equal move targets (and %50 move) acting as support and resistance on trades. I also cut some questionable trades early.
10/10/2006
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