SP-500

Friday, December 4, 2009

More Notes to Self

NOTE TO SELF:
1. How Important is Winning to You?
2. Are you going to stick to your game plan?
3. Are your entry and exit strategies clearly defined and followed?
4. Are you doing your due diligence and staying in front of the screen?
5. When the Market is Choppy/Neutral are you taking your profits earlier & in smaller pieces?
6. Daytrade exit with Market Orders unless you are setting your profit target (2% choppy 10% breakout)
7. You have to know coming into a trade if you are in Daytrading rules or Swing Trading Rules.
8. And if Swing trading don't react to emotion!!! Stick to the Rules! (Case in Point PSS Entry @ 22.09 excellent entry yesterday looking for a decent breakout gain and freaked out and sold @ 22.10 for breakeven.)
9. The speed of the tape tells you which direction the market is moving especially later in the day.
10. Only go Long if the Market is in your favor.

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