Monday, July 11, 2011

Catching the move

Lot's of bearish market chatter so I was looking for short. I wasn't trying to scalp really but to catch the move on time and hold it a little. Many stops taken until I finally caught it. You just don't know when will it start and if you are not in you are late. After that push down I perforemed poorly on next three trades losing majority of gain. Poorly is too strong word, I just didn't have much of gain because I had to cover previous stop loss trades. Those trades were legitimate trials. Last trade retrieved lost on them.

+16 pips

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