Thursday, November 6, 2008

Another Bad Morning...

I've had another rough start to the day. Not sure how much longer I can count on the afternoons to bail me out.

I was working on reversals again all morning. My worst losses are in complete piece of shit stocks... DFT, MIC, VCI and SVR.

What I've learned is that playing these extreme moves works best when the market doesn't have a clear direction (today it does, down) and when the stocks don't have earnings news.

I won't get blown up tomorrow morning making the same mistakes I've made the last two days.

UPDATE: At 12:39, only 6 ROers are gross positive... not good.

UPDATE II: At 1:44 we're down to 4 gross positive... and one of them is a swing account...

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