Tuesday, April 6, 2010

April 6 2010 Overlay and Trades



I have executed the two worst trades out of my last 250 in the past two days.

The trades individually were simply bets that had a premise. The problem is that I did not hit the primary opportunities identified on the prep.

I do not know if these are boredom trades or due to my effort to increase frequency. It is hard to tell.

They were definitely not impulse trades. The market was moving too slow to do anything impulsive.

I suppose I could categorize them as "what if" attempts trying to catch an afternoon sell off (the low probability play).

The major problem is that they are counter trend and that I did not hit the appropriate AM longs I had premised for.

No excuse for yesterday. Today the price did not test 1176.00 like I wanted to see but there was a way for me to get long.

With this tempo I need to just pick my areas and make stand without regard for pattern setups or optimal placement.

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