Monday, April 19, 2010

Never Say It's Over

Big bounce today.

 I watched GS all day -- as I should have, being the 'in play' name -- today's open was low of the day -- eventually going on to push up about 8 points.

 MON had buyback news -- up 2 points.

 It really helps to be in news-driven stocks as that's where the volume is.

 Overtraded today with nothing to show for it.

 I am mostly in cash, no big blow ups.  I can continue on next week.  Focusing on

 1) support/resistance
 2) order flow
 3) market signals
 4) risk management

  Today I did well not to lose a lot.  I did poorly not letting the one main winning trade move up.  My initial ideas - -HUM and MON were good.  So just need to follow through with picks like that.

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