Sunday, May 1, 2011

RIMM - GAP DOWN

DAILY

1MIN - POSSIBLE TRADES

1MIN
MISTAKES:
  • Again, anticipated reversal instead of WAITING for price confirmation
  • the Long trade was impulse / revenge trade trying to get back at the stock (not a great day after committing the same offense with AAPL)
  • Failed to watch RIMM closely throughout the day. Should have caught the big leg down. r/r would have been 7 to 1.

What I did right:
  • Kept loses small and got out when the market says out.
  • Realized my mental "unsteadiness" and stopped trading.

No comments: