Wednesday, March 9, 2011

Quick Update...

Yet another stupid trade in $JRCC that in no way, shape or form resembled anything in my trading plan. The break out ended up failing which caused me to get stopped out. As the break out had clearly failed I did not bother to wait for it to hit my stop which was at $23.00 and got out instead at $23.40. Although I did not suffer a big loss I ended up using up my third day trade for the past three days which meant I missed opportunities like $EGHT, $TIII and $INPH in the afternoon and further that I will not be able to trade for the next two days. So I will be sitting on my hands for the remainder of this week. May just be a blessing in disguise!

Good luck with you trading!

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