Baits cut too early Thursday
General notes
As the title suggest I was cutting my baits (both CMI and PCAR) too early, as I was rushing out of office and had a quite stressful day at the office. Ok, these are just excuses. But the learning point is that I better not make a trade when I am not in the right mood.
Filtered Trade Candidates for the Day
GAPHV: SCHN (best of the crop nice light pull-back turned already nourth, good if volume arrives) CENX (nice turn around) TEF (nice volume spike at NH) AL (light sliding) BHP (earlier trade in pull-back mood) CROX (light sliding) PCLN (light sliding)
Trade Session Notes
Nikkei...18015.58...-201.69...-1.1%.
Hang Seng...22841.92...-215.38...-0.9%.
FTSE...6606.80...-52.30...-0.8%.
DAX...7925.73...-112.48...-1.4%.
8:48:48 AM
| CBOE VIX | 15.63 | +0.04 |
10:21:26 AM MO: slightly bearish
| CBOE VIX | 16.43 | +0.80 |
| Market | Adv | Decl | Unch |
|---|---|---|---|
| Nasdaq | 1,323 | 3,707 | 218 |
| NYSE | 782 | 2,001 | 128 |
11:57:41 AM MS: bearish
| CBOE VIX | 16.72 | +1.09 |
| Market | Adv | Decl | Unch |
|---|---|---|---|
| Nasdaq | 1,321 | 4,274 | 223 |
| NYSE | 747 | 2,167 | 112 |
11:59:02 AM First ever live trade closed at 5.4 with a $90 profit (less commissions)
12:30 PM-ish Have closed out the CMI trade as well. With a profit.
Labels: learning points
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