Thursday, May 05, 2005

5/4/05

I only had a couple of trades yesterday and was about break-even. It was as trend day and since I really don't have a method to trade those yet, I decided not to lose money like I normally would. I was above the 20ma most of the afternoon which was my signal to not do anything. I am learning because I would have been trading like mad that trend as short as a week ago... and losing money.

Trader X

PS. I will learn a trend trading technique sometime but for now it is enough to be able to ID the type of market I am not prepared to trade.... that is a huge WIN for me since trying to trade those days is what has always killed me before.

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