Monday, October 4, 2010

Personal Disclosure

Market closed 76 points higher today at 4188. Looks like the eleven-day consolidation finished yesterday.

Got whipsawed in MEG terribly as it closed at 2.39 today but you have to follow the plan. /sadface

Current position in DGTL is still lower by 7 centavos in six days. Didn't do much today except to watch the tape the whole time. I'm currently looking to range-trade some stocks if there is a viable trade setup.

I also found out a major flow in my current money management. It seems like I am exposing too much of my trading capital per trade!

Anyway, I am reading inverted charts again to see if the current trends and price movements are still valid.

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