080707 - No-trade Review

I didn't make any trade today. Today seems to me a very tricky day for newbies like me. (In my case, it seems like just everyday is tricky!) Anyway, I made some observation throughout the day... and there were a few 'almost traded' scenarios that I want to keep a record, for future reference. (or maybe for your reference too!) I commented directly on the charts. You may click on the chart to enlarge the image if you cannot see my comments clearly.

I'm learning to be selective with my entries. I think I did an 'okay' job today in that aspect!

DWA

• I think Jamie mentioned this stock this morning, and it was also included in Briefing's gapper.
• I have no idea how to trade the big rise up.
  
• I see a potential Base and Break for Short though.
  

IPG

• Thought about it but the 5eMA was too far away
  

LVS

• Both LVS and WYNN had some movements today
• But I decided against it
  

WYNN

• I'm trying to be very selective (picky) with my entry.
• It appears that I have accomplished my goal for today!