Woke up to early. Still sleep deprived. Told myself that I was not going to make bad trades. That worked for a few hours (early AM), then right before the market opened, I broke one of my rules and took a gamble on the open. Expensive lesson, so I think I learned it. Rereading my notes, "I am a moron for wanting to be in the action. Follow the rules tomorrow.
Trades 8/24/10:
1) 6:29.30 No notes on why I took the trade. Cannot find any justification reviewing the charts. -$50.00 Stupid trade.
2) 8:11.01 bought to get a jump on the open to gamble on the open. Got stopped out before the open. -$37.50 STUPID GAMBLE.
3) 8:26.14 Bought to gamble the open. Did not lock in profits. Always lock in profits on gambles, but I will never gamble again. -$25.00 VERY STUPID GAMBLE.
4) 8:35.00 Bad entry, no justification. +$12.50 Bad trade.
5) 8:35.58 Bad entry, bought when Algo was red (sell). $0.00 Break even (b/e). Stupid Trade
6) 8:37.31 sold above the mean. +$37.50 Exited too early. almost acceptable trade.
7) 8:41.41 sold above the mean, lacked justification. -$87.50 bad trade
Summary: -$150.00
Overall: -$325.00
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