Showing posts with label No-trade Review. Show all posts
Showing posts with label No-trade Review. Show all posts

Tuesday, August 7, 2007

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!