I guess I was wrong about the markets bouncing today again. Big gap down and follow through this morning. My poor performance this month continues. I got stopped out of APKT this morning at $24.70 as planned for a total loss of $125.00 including commissions. I can live with that. My account is still with in touching distance of all time highs so just one good trade and I will be back to the top.
I trade aggresively. That is my style. However, I keep my losses small. So that when ever I do get a string of successful trades my account is zooming into all time highs again.
Until we get that elusive bounce. Good luck and good trading!
Journal of my thoughts and trades on the path towards achieving a consistent monthly income from day trading!
Thursday, May 20, 2010
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MY DAY TRADING RULES
I will ONLY put stocks BREAKING OUT OF DAILY CONSOLIDATIONS TO NEW HIGHS OR NEW LOWS ON HIGH RELATIVE VOLUME from my DAY TRADING SCAN into m...
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I moved up my stop loss order on APKT from $26.00 to $27.00. Although APKT could still work, I do not like the persistent weakness I am seei...
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I am of the belief that the markets will move higher over the course of the next 4-6 weeks. However, beyond that I am not very confident in ...
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These three stocks are currently breaking down from stage three topping patterns. All three recently announced earnings disappointments a...
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