Monday, March 28, 2016

3/28/2016 Review

I took an early loss on SM.  I had some gains on a red to green.  It popped quickly but then was smacked down at resistance and had a downtrend day.  The thing I missed was trend had changed.  So the higher probability trade was wait for some weakness and get short.  I had just not considered this.
All oils and obviously /CL crude or USO whatever I decide to look at was starting to trend down.  Check SM daily to see the trend change



Facebook was another top watch today.  It had gapped up over resistance.  I was watching for a pullback and got exactly that.  



VRX I had this on watch but failed to pay proper attention to it and missed the trade.  Very clean mover today and you had clear bias.



Only 2 trades today.  I am now trading just til 11:30 AM and calling it quits and avoiding the chop.  Nice day 1 of this with good gains and good discipline.  

No comments:

Post a Comment