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| Alias Born | 07/24/2001 |
Thursday, October 04, 2001 10:09:27 AM
Summary of Tuesday's Trading:
Losing Day.
Loss for the Day: $470.00
Today was especially frustrating!
A Confession:
In a reply to Lee Kramer's question, I had said the following:
"To avoid buying at the top or shorting at the bottom, I do not initiate a trade until there is a change in the overall direction of the market from either the initial euphoria or despair that the market exibits at the opening. And my experience with FortuneQ™ has shown that that a relatively reliable signal change usually occurs after the first 90 minutes of trading."
http://www.investorshub.com/boards/read_msg.asp?message_id=183201
Yesterday, I did not follow my rule of waiting for that "signal change" before initiating a trade. I lucked out with my first trade for a paltry $50, and then immediately lost my shirt with the second trade. Had I waited for a reversal signal (the market was in a "Buy" mode almost the entire day), before initiating my trade, the result may well have been different.
Oh well, live and learn.
Profitable Trading to All,
contax
Losing Day.
Loss for the Day: $470.00
Today was especially frustrating!
A Confession:
In a reply to Lee Kramer's question, I had said the following:
"To avoid buying at the top or shorting at the bottom, I do not initiate a trade until there is a change in the overall direction of the market from either the initial euphoria or despair that the market exibits at the opening. And my experience with FortuneQ™ has shown that that a relatively reliable signal change usually occurs after the first 90 minutes of trading."
http://www.investorshub.com/boards/read_msg.asp?message_id=183201
Yesterday, I did not follow my rule of waiting for that "signal change" before initiating a trade. I lucked out with my first trade for a paltry $50, and then immediately lost my shirt with the second trade. Had I waited for a reversal signal (the market was in a "Buy" mode almost the entire day), before initiating my trade, the result may well have been different.
Oh well, live and learn.
Profitable Trading to All,
contax
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