Tuesday, 3 September 2013

First day Back

It's September, the summer is kinda behind us, for students it's like New Year's Day haha! I want to go back to school, life was so chill, all I took to school was a pen and a notepad. I kept it old school, I tried to fit in with others and take my laptop and I found it was the dumbest decision of my life. I think I only took my laptop to school once. I rather come empty handed and carve notes into my skin with my chewed up nails. (Not)

Okay but today was my first day back to trading, I've been waiting a whole month and it was a good day to learn to pay attention, take it slow (the way the ladies like it) and lastly I need to create a trade checklist because I ended up inputting too many wrong orders. I was lucky the market wasn't mean, but just like a teacher who forgives that late student on the first day, the market was very nice to me. I made a few mistakes when I wanted to input my orders and still somehow I ended up walking out with a profit. Who doesn't remember the hit 90's show Forgive or Forget?? Today the market forgave me. If I get fancy again it may chew me up and forget me. ( the show wasn't as good as Jenny Jones) 

But lesson learned today: Ensure orders are entered correctly and double check before pushing buy / sell. 

Here is the trade.

It was a beautiful short setup, I don't know what it is about shorting but OMG shorts are just something else. I played this on the 1 minute chart, I am getting a lot better at choosing the right setups with the right time frames. Normally being aggressive out of the open is not my thing but it can only be done if a stock and the market is properly understood prior to the open. It took me probably less than 2-3 after the market open for me to develop an understanding if I should trade this or not.

Right click Chart, Open in New Tab


Here are the trade tickets:

Right click Image, Open in New Tab

No more playing around, mistakes can't keep happening over and over again, it just leads to bad behaviors. 

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