TraderEdge

Maybe I'm wrong, but it seems all I'm hearing out there is buy buy buy. I can't help but think of Warren Buffett. Buy in fear and sell in greed. I'm a bear until we consolidate at the 117/118 level and move higher

TraderEdge

I wish AIG traded like like this everyday. Still looking for $40 maybe next week after consolidation

mattman

I agree... I can't help but to think we are in both an equity and commodity bubble that will pop in a matter of time. I will catch up on your journal.

TraderEdge

Some trades from the past week.

TraderEdge

Some trades caught during the week.

SergeanTrader

Hey TraderEdge,

I really enjoy how you do your videos, incorporating the tags and stuff made available in Youtube. Unless it's in your video editing program, if so they look the same. Keep posting, you have some great quality work and experience to bring to the forums.

-Sarge

__________________
Fear and skepticism have never gotten anyone more than minimum wage.
My Blog: The Unshackled Mind

TraderEdge

Thanks Sarge,


RIMM reports Wed after the close as well as MOS
I'm anticipating that RIMM will fill its gap. Figure this is going to give it the boost it needs. No postition just thinking ahead.

TraderEdge

Not happy with my trading today.

First Trade
Short BUCY
Reason: to fill gap
Error: stock was almost there, market order bad fill wanted 67.88 filled at 67.79, complete gap fill 67.58.

If I had just looked at the 1min, which I usually never do, but today would have probably kept me in the trade. In BUCY my exit was at VWAP and S2. These two guides would have probably kept me in the trade if I had seen them. In GS, you can see it also bounced off VWAP (orange line) multiple times



Second Trade
Long GS:
Reason - had a little support at 170ish instead went to pivot (S1), which I didn't notice til later, 10:30 reversal, figured it would fill gap.
Errors: Waited too long to get involved, didn't let it fill gap (emotions came into play - take profits when I had b/c I wasn't sure what would happen)


Third Trade:
Rimm - Long A/H
That turned out great. Not -252
Didn't just enter because my bias was long. I waited for the initial move (which was down), and then went long to catch reversal. There was more selling before it reversed.
Lesson: Stick with orginally plan of not trading after hours.

Well, at least I learned some imp. lessons today. Lessons that I already know, but needed enforcing.

TraderEdge

Great day until the last trade on AAPL

TraderEdge

Some scalping in AIG back on 4/7/10. Was watching the move to 40 for a week or so and didn't participate in it.