"An expert is a man who has made all the mistakes which can be made, in a narrow field."

- Niels Henrik David Bohr

Monday, November 22, 2010

End of Day Journal (11-22-2010)

Summary:

Paper trading on 50 share lots today:




I decided to paper trade today rather than go live. I think I will tomorrow as well. Maybe finish out the short holiday week.

I did an excellent job of staying in plan, but I was out on two trades: POT and AMZN. POT was pretty low on the ATR range (and the first entry was a mis-type) and AMZN happened to have just finished up a nice 5 wave pattern which I didn't notice until I had entered. I exited both trades immediately after I realized what I had done and both for small gains.

Unfortunately I missed big $3 entries CMG, CRM, and AMZN, a $4 move on FFIV and a $5 move on AAPL; all on the 1:15-ish spot... I happened to be out strolling and enjoying the AZ winter sunshine at the time. Would of been an incredible day.

I am allowed to keep saying that until I actually have to trade the moves... =)

I spent some of the day messing around with the setup - I know - crazy right? I hated missing out and was trying to find some way to get in on the afternoon uptick. I need to avoid that syndrome like the plague.

Trade well.

Details:

Only posting the 45's - it has been a typical Monday schedule - and I am very tired. 

AMZN


CMG


CRM


FFIV

 NFLX



POT

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