This is Thursday February 19th, and today I have a nice screen shot on the 233 tick chart.
This screen shot today is the last hour of today’s trading and points out some nice potential trades. I have one of those trades taken for 2 & 1/2 points to add to this mornings gains. My percentage W/L is a little off the last two days, but I still have excellent profit for both days. Many of the losses that I took, could have been avoided but it happens some time. If I am able to come out of a minimal draw down and post solid gains for the session, that is always a victory. That being said, I still know I should have done better. For many people, this may be the sounds of someone who just lost a good deal for the last two days. On the contrary, I was able to pull out more than double daily goal yesterday and over 4 times daily goal for today. You may be saying, what is my problem with profit like that. Well, I have come to expect a certain level of performance and when I don’t reach that, I need to adjust myself to make sure that I am doing what it takes to get the high level of results I have come to expect. I like to keep the struggle to a minimum, that is why I many times only trade for 2 net points. My fight is over, and it is a good feeling to get through another day posting positive gains. The people following me are also posting some nice positive gains and that’s great. There is no delays in my screen sharing and my conference line is dead on real time with SKYPE.
I will post an update on the daily tomorrow. In brief, we have turned negative for now on the daily and as of this moment, the trend is down and it is not looking good. The Dow is right at a 6 year low and flirting with a new big breakdown. It still has a chance, but today’s action in the last hour sold off to close at the lower end of the day’s range, that is not a good sign. Tomorrow I will post the sentiment numbers, Bull/Bear.
That is it for now, wishing everyone well.
Vince
http://www.screencast.com/t/kP31DqMIKY 233 tick chart and 1 afternoon trade
http://www.screencast.com/t/EpOcd2RYuO4 A few of today’s trades
http://www.screencast.com/t/vpgFLDzsQZ Today’s equity graph / 4 times daily goal
Related posts:
- Screen Shot, S&P 500 Cash Index with Commentary
- Market continues sell off & Nice smooth day of gains
- Nice Trade to Target in Today’s Trading
- Day two / Sample Training
- Training series / First in a nine part series
Tags: daily goal, Dow, equity, tick
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