End of Day Journal (10-4-10)

Summary:

Another great morning, with pretty much nothing working out this afternoon.

Largest stops:

Big one on LPS at $0.48/share. It looks like this wasn't a stop - it was an EOD flatten all. The spread must ov been crazy right then. MELI is at $0.44/share which was a stop and all over the place spread. Realized after I entered that I shouldn't of been trading it.

Largest wins:

$0.66/share on CTSH. POT is close at $0.64/share.

After the morning I debated the stopping for the day, but decided against it. This is more about gaining more and more screen time, thinking/hoping that I become more sensitive to the current market potential. Today I didn't have any inkling that

Still processing this...

Details:

AEM

Not sure what to say about this one.

AGU

Not a big mover - but at first glance, I was doing the exact opposite of what I should of been doing. I was watching this stock break thru, but I didn't feel good about the lunch hour. If I would of entered at that time, the stop would of been set accordingly - and never would of been hit... offering a potential $0.60 win. Which would of been the right way to look at this:

AXP

Marked this mid-day with the blue arrow, but passed on it as I was getting ready to jump in the shower. Tried to get some action late day:

BIDU

A few ticks more on the stop, wick rather than open would of been ideal - making it $0.24 versus $0.20. Gotta learn this.

BTU

BVN

CEDC

CTSH

CTXS

Looks like I picked the wrong direction...

FCX

Indeed. Not much direction - but I was duped into compounding the losses by trying the reverse.

ILMN
 

INFY

LLL

LPS

Spotted this much too late. I shouldn't of initiated the position.

MELI

Came down fast right at the candle start. I was reading lower high. I was reading wrong.

NEM

Looks like the stop was on prior resistance - of the 11:30 - 12:00 variety. I should of used nearer term: $0.16 versus $0.09:

NFX

Not the best of entries, a little on the early side with no clear resistance.

PH

This stop was placed correctly... suckers play?

POT

Thought this was going to move big time after the 11:50 support gave way on bigger volume.

RIG

UTX