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noob

Mark Douglas's 20 Trade Exercise.

By noob, in Day Trading

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noob    5

noob
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noob    5

noob
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Good patience ORB, took short once it lost the PML. Partial 50% for 1/2 R and stop b/e. Price continued to drop. Covered near 50 ma on 30 min candle, $93-93.5

 

 

 

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noob    5

noob
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Had $AMD read right on the weekly and daily chart. However, too early of an entry. Put risk out, and I held over night. Managed to get +10R, but dangerous. The price dip to $94, and Today, it went down even further pre-mkt dip to 90 to $88. Risk control and entries are an issue.

http://s.chartlog.com/J8cDM

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noob    5

noob
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Today's trade, Revenge trade, bad risk control, or lack of, and directional bias. With the sell off and gap down pre-mkt, had the bias of long to fill the gap. It did the opposite, and got trapped.  First entry, smart enough to close it out. But the subsequent trades, not so good.

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