Wednesday, July 6, 2011


was attempting to fade the market after 3 bump set up in TZA emerged -- kept a wide stop and took bigger than normal loss.

attempted TZA again end of day --- stopped again.

Almost took SODA on breakout -- was the leading IBD name... but chickened out..  ran 2 pts. in a hour after I saw it move. 

Will need to be willing to go with strength... keep the stop tight... it'll work or it won't.  But contrarian fading is no good intraday.    failure...

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