Monday, October 19, 2009

Monday Log - Let The Trade Work

Waited for market to settle a bit after open looking for short side. Took a good fill in 87's near opening high area. 1st target was 85's and second target was 83's. Target one hit and moved stop to breakeven. Ended up closing trade prior to T2 ultimately being hit. Did not let trade work to full potential. Result: +3.50

Failed to pull trigger on reversal around 1015 time frame and 84-85 area. Thinking combo's but did not execute plan knowing 82-83 area was good support zone. Felt the market fairly well but did not let 1st trade work and did not "listen" to intuition on reversal idea. I continue to be aware of my problem letting these trades work and revising rules to reflect the issue.

Trade Well!

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