Life got in the way last night, and I didn’t get to update my watchlist like I would have liked to. If I had, I would have seen that I wanted to short Continental Airlines (NYSE: CAL) under 22.50, based on the weekly chart action. But, I missed it. There’s a tiny chance I’ll enter some other trades I’m watching, but at this point I’m doubtful enough that I’m going to go ahead and post my weekly performance. (such that it is)
Good Grief! One trade. It’s enough to make me want to get out my TotalView windows and scalp all day. At least, my one trade was a winner. I said yesterday it was 1.5 R, but stocktickr says 1.4 is more accurate. So, 1.4 R this week. Looks like August is going to be a dry month, profit-wise!
| Total P/L: | 1.4 R |
|---|---|
| Trades Taken: | 1 |
| Winners: | 1 (100.00%) |
| Expectancy: | 1.4 R |
| Biggest Winner: | 1.4 R |
| Biggest Loser: | N/A |
I can see from reading other blogs that several active traders are hitting rough spots these last couple weeks. So, I can tell it’s been hard on all of us. In my case, I’ve just not been seeing the kind of entry opportunities I want to see. So, I’ve been mostly out of the action.