Tuesday, July 5, 2011

July 5th-- Always stick to the system.

Today's lesson learned: Don't take any trade or take maximum 1 trade when your portfolio is performing well.
Winning trade: SQNS Profit: 12%
Losing Trade: PWER:  Loss: 4.85%

Why did I lose: 1. I justified a wrong entry signal just to make a far-fetched falling rectangle.
                        2. Didn't notice CMF was mainly below -0.1 during consolidation, which is a bad sign.
                        3. Exited at noon because I had to rush out and sold at the exact bottom again.
                        4. NO CLEAR ENTRY SIGNAL AT ALL: PURE GREED AND EUPHORIA!!.

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