I didn’t have many candidates on my screen, so I took a half day. Hope your day was nice.
As described on jaiku, I did find one scalp on LIFC @ 28 for 1.21 R. The chart’s too uninteresting to post. Turns out that LIFC would go on to go almost to 29 before reversing. I got out when the trade rate got iffy.
Over at wallstreak, prospectus and I watched an ATHR setup, but I declined to take it because I didn’t like the way it broke out. However, if I had, I would have gotten at least 50 cents, and maybe as much as $1.50 per share. Wow! It just didn’t match my criteria for a good entry. Oh, well!
So, while I don’t regret ATHR, I do wish I had gotten into XRAY, which Zoomie pointed out in plenty of time for me to get in. I just got sidetracked and didn’t make it.
May 1st, 2007 at 12:21 pm
Kicking myself. I take a boneheaded trade and get whacked, then I pass on an iffy trade and miss out.
I’m doing much better with the NR7’s right now. Mechanical systems seem to be better for me than discretionary systems at this time. I’m just out of phase with the markets! For me, discretionary trades are more satisfying, but that could be half of my problem right there…