May 3 2010 Overlay and Trades

Brief post tonight. Not much to do today.

I had an OK short off what I thought could be the top of a sideways range today. I exited when it started to feel like a squeeze.

Then I forced another short on a shallow pullback right into the squeeze. I think it happened because I thought when I entered the first trade it was very likely to hit the low again and was disappointed when I only got 1.5 points out of the trade.

The right move would have been to play my feel and get long. I thought about it then got short because there was no long setup. It was not a good short but I randomly decided I needed to hit sequence trades.

I think I was just off today on execution. The feel is always there though. I need to get my hands to do the right thing based off my feel.

There was not much opportunity to get long for the rest of the day because the price just continued to slowly press up.

I should probably just be long if I think I should be long and short if I think I should be short.

When I start looking for a way to get long or short after I know I should be it is too late 1/2 the time.