Marketgeometry

Saturday, October 16, 2010

The stupid trade of the week - watching the wrong picture - 10/16/2010


Lots of notes on the charts - hope it makes sense. It is like a knife in my gut looking at these charts. It is bad enough that I spend too many time looking at 1 minute charts. Some of my chat friends scream at me to look at 5 minute charts or use 5 minute charts as a stop but above my eyes got glued on to a 89 tick chart. Sometimes they are good for setting stops and hitting targets.
-
This above is my problem. My brain is wired that it is success or failure in under 5 minutes on a trade and I prove over and over if I give a trade 10 minutes or more - my successes will pay for my failures a couple of times over.
-
If I do not solve this - I will never make good money out of trading. It has become that simple.
-
I need to place a trade and as soon as iti s filled - double check my stop and good make a cup of coffee and take a piss. That should kill just enough time to let the trade work if it is going too.

This Weeks Results

I wimped out of too many trades this week. Just hitting on one would have made me happy. Lunch money for the week - net +86. I am doing a weekly summary instead posting each day. I want to train myself to focus on trading not the dollars and cents.
-
The numbers:
---------
Monday:
Stocks: gross +55 net +43 shares 2400
--------
Tuesday:
Stocks: gross +90 net +84 shares 1200
--------
Wednesday:
Stocks: gross +65 net +55 shares 2000
--------
Thursday:
Stocks: gross -66 net -78 shares 2400
Crude: gross -40 net -49 contracts 4
--------
Friday:
Stocks: gross +8 net +6 shares 400
Stock Futures: gross + 30 net +25 contracts 4

Friday, October 15, 2010

Friday Big Mouth Stocks 10/15/2010


Two good ones with a flaky market on Friday.

Thursday, October 14, 2010

Wednesday, October 13, 2010

Tuesday, October 12, 2010

Tuesday Big Mouth Stock 10/12/2010


Both were pretty good and easy plays.

Monday, October 11, 2010

Monday Big Mouth Stocks 10/11/2010


WAG has okay and NTGR suched. NTGR even failed as a reverse play.