Keep Calm and Don't Move Your Stops.....

A little risk management saves a lot of fan cleaning!

The Purpose of Life is Joy!!

Thursday, May 11, 2017

Scratch Day

Today was very interesting. I felt in control, I was patient with my trades when I needed to be and impatient when I needed to be. My only mistake was hesitating on the 3rd sequence. I didn't really believe it when the add on location happened exactly as I had visualized and I recognized it 2 seconds to late. I threw the limit order on but it was already gone so I tried at a lower price to get in and while I was filled, the trade ended up BE on the entire position.

The rest of it was just testing the water, letting it play out and getting out when it wasn't working any longer and the tape turned against me.

Today was a training session for me with my new consulting gig and I will put in some hours this afternoon and evening but tomorrow it starts in earnest. I'm going to try and get in 10-12 hours a day for the next month or so only resting on Sundays. After that I suspect the project will slow down for another month or two. In all honesty, it looks like the project could turn into a 3-6 month project depending on how detailed the client wants to be and how many actual files the client is required to review and deconstruct. If it goes longer than a couple of months, I'll make a fairly large sum of money and that is a good thing.

Cheers and this is probably my last post for the week.

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