Tuesday, November 3, 2009

November 3 2009 Overlay, Trades, and Commentary



I had a very good read on the market today and anticipated a contraction.

I had 2 good breakout trades for a break even today. This is actually a very acceptable outcome for this type of price action.

There was not much else to do and pressing today would have led to trouble.

I felt better about my execution than I have in weeks. I have made some minor adjustments to my trading plan which will help.

I am going to start asking myself "what if" more often and taking scenario trades that fit my premise. Even if there is no confirmation.

This will cause me to get into some whipsaw trades but I think I need to in order to properly execute my prep.

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