Monday, May 4, 2009

How to lose ~4R in one day

A very bad day on such a strong day. Some premature entries and some unlucky ones made me lose ~4R. CELG - short 3rd bar low stopped out on the next bar, JPM - long 10th bar high, stopped out 1 or 2 bars later. Stopped out in BTU. AXP - moved above 1R but was away from my partial target. Out at BE after 6 bars. All the trades moved in the intended direction after stopping me out. Not the way one would like to start the month.

I will be out tomorrow and will not be trading. Hope you guys had a nice day!

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