It's tough to have a dry run when you are just starting something. There is the tendency to think it doesn't work. Even though that may be the case, I'm am going to stay with the assumption that it will work and this IS just a dry spell. I went through four break evens in a row last week, but last night I had another loss. It barely got through the sell signal and reversed. Unfortunately, it took 2 hours to stop out.
I am starting to pay attention to the market and when it shows an obvious resistance or something of a breakthrough, I'm going to start playing it during the day. If I don't see anything obvious, I'll leave it alone. I have such a play today, so I set up an order to go long if it breaks through a particular price barrier. I'm not doing a different trading strategy - just paying attention and seeing if that pays off.
We're getting ready to drive to Pennsylvania. Cathy's dad passed away. We'll be there for a couple weeks. I'm going to do my best to set up the software in the laptop so I can trade while I'm out there...And, of course if I do I'll keep you up to date on what's happening.
Monday, January 18, 2010
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