I subscribe to the fact that:
1) no one knows the future, No one period.
2) price is the best technical indicator, then volume
3) trade with the trend
today took a hit, it is not working for the last month. make a little, lose a little, make a lot, lose a lot.
I need to rethink and critic my trades for the past month. Maybe I woon't do anything tomorrow.
today I closed all my calls,
1) ACI <<-- seeing PCX dropped $5 on the get on, broke the confirmed trend line drew.
---after checking my analysis, yesterday the stock hit the target, and it is natural for the stock to roll over today.
2) BTU << broke the confirmed trend line
3) BNI << broke the confirmed trend line
I have opened a PUT on SHLD and keeping my PUT on DIA
Trading is hard. it is not easy money
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