Thursday, January 7, 2010

red

I have a bunch of good days and then lose it all.  It started on my second YM trade where I failed to take a profit and took a loss instead.  At the end of the day I caught 24 points.  Then in the last hour I lost all those points.  I took on 5 trades in that last hour, just thinking I had less than a hundred dollars to earn back. Instead I loss 132 more dollars.  I'm depressed.
On the stock side----POT for 1.32, GE for 60 cents.  Both were day trades.  I thought about just trading stocks, but I jumped back into the YM.
I also failed to take my profit in OC today.

A LOT OF THE TIME, FAILING TO TAKE MY PROFIT IS MY BIGGEST MISTAKE...BESIDES JUST TRADING NON STOP LIKE A MAD MAN ON THE YM.

The YM just jumps around so much that it chops me up.
3 of my accounts have a day trade in them, which kinda slows me down from jumping in on a trend.  Holding something overnight is hard to do.  Also being a member of Gorilla Trades, and looking at their stocks, I mean they have been holding things since June, July,etc.  Every time I tell myself to stick with their plan, I always end up cashing out, or holding on to the losers that they already sold.
Yesterday things would have been great, but today I'm red for the year.  Gotta re-route my plan because of one bad day.
Writing all this crap has got to start making me a better trader soon.  I'm not here to be a better typewriter, that's for sure.

Robot:  4 winners, 4 losers, minus 79.08

Crap....I just deleted my portfolio page

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