Tuesday, September 8, 2009

day after labor day

Yesterday was labor day. My wife and I used the long weekend to paint and organize the garage.

It was tiresome work, but the space deprived garage finally has some walking space.

I added a couple more negative trading days after the last blog entry. I guess it wasn't exactly a turning point on that day.

However, I think I have learned what I should do from now on. My bad trades were results of my inability to adhere to "correct" practices.

There're some good trades today, total 1.45% gain at closing. I will definitely reduce my AAs, because it made my trades calmer, and I was able to scale in for better prices. I also didn't try to chase a trade. However, I did run into a couple trades when I left small profits on the table because the target didn't hit. The trend reverses, and I had to increase my AA to lower the averages (not a good thing to do). Luckly, I broke even on them. Note to self, take small profit or stop even next time.

Looking for more good trades in the rest of the week.

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