This is getting old
I was up a thousand bucks for about an hour today. I gave it all away and added more. Down 1.24R.
I struggled with several trades that were going my way early on. I felt like we were in a trend day so I wanted to hold on instead of taking profits early. Things didn't go my way and I ended up breaking even or losing on most of my trades.
One of my positive trades today was CBST.CBST had a long period of consolidation and a tight bollinger band squeeze around 2:00. I thought the stock would shoot up a bit more than it did and I sold it as I saw the general market start to falter toward the close. Of corst CBST went on to finish the day near its high.
MVL looked to me like it had a nice bear flag setup in the direction of the general market.It reversed and stopped me out and never made its "target".
My trade in POT was just stupid.For some reason, I gut feeling that shorting POT was a good move. There was no real reason other than my "feelings" and as usual, the market rewarded my lack of edge with a 1R loss.
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