thanks netley/uwinsum/graysland31 Mar 2011 02:44
thanks for stating the reasons, i have avoided that sector pretty much except few trades on DES (yeah right i get your smiles) which actually was not a bad deal got in the 40's and in 30's few times, but yes too volatile so i got off clean out of there but no profits all in all first touch in the g&s sector was painfull as i barely pulled myself out of it.
back to shares, i think i should shut up for awhile my prediction for prty going to 185 might not happen and if tomorrow is not a red day for party clearly the way is up.
Same for TNI , thought for a nice day and close above 47.5 and barely 46.75 although still a positive day though.
Same for llloy i was thinking of trading that 59-61something range , but i waited for 61.5 stupid enough not to look the previous time when it went to 61.61 was allowed to go as the EMA20 was too high, now EMA20 dropped of course and yesterday it stopped right at 61.26 or right at the resistance line formed by the triple bottom, so i thought it could close below the resistance line but on an intraday spike it will hit higher than 61.5 and there i would sell, stupid enough i did not look the EMA20 was even lower than the resistance line!!!!
And i dont have a stop loss on lloy so really, really disappointed of my trading for the last week-10 days.
Same on SAR, i had 2 chances of selling on 2.30 after i rebought on 2.05, kept looking at the quote ... waiting and waiting ... 2 chances and it tanked under 2p today, it will come good later as spikes are notoriosly high there but really i never hesitated that much before and such stupid mistakes as missing important TA analysis, i mean i look at it and i dont see it!!! Terrible! I read an article some time ago about a guy who cant trade more than 10-15 trades a day and after that it gets emotionally harder for him, now i realize pretty much happening to me as well, just looked back my trading history and since january i have 34 trades, yes 11 trades per month does not sound that much but looking for the previous 3 months period i got 67 trades, and looking at trades lately its like doing nothing or bad trades (ved for only 2.5% up yeah i know it went 3.4% alone today) BUT i SOLD just few days ago to free some cash. Top of stupidity actually was just a week ago when checking prices live and getting quotes on TNI for buy i forgot the quotes were on sell so instead of buying 8000 i sold 8000 so had to re-buy again next minute on a higher quote and associated cost as well hrrrrr.
Not to mention stupid mistakes with paperwork on my business. I think i will take a week off and leave to the scotish highlands to relax on fresh air and forget about laptops, stats and information for awhile.
Good luck to you guys, i run out of steam