Monday, May 23, 2011

lost on winners:

USO -- bought too early -- hit support 20 min. later -- then moved .50 -- small winner but lost.

MOS:  noticed strength -- bought it but sold for tiny gain instead of waiting -- would have had another 1.00 upside -- too much fear on one that was working. 

Both of these ideas finished higher from my entry on a weak day.  Respect you intution.  Don't cut yourself off (raise the stop instead). 

Key for the small pop was the standard 3-test touch on IWM -- a small rally fizzled but the entry would have been right on.  Confirmed within 15 min. of 3rd touch by vol. increase.

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