A trading journal site following the in's and out's of the trading day through my eyes. Market sense and commentary. In no way should this be interpreted as a site for recommendations or stock picks. If you treat it as such, do so at your own risk and may God have mercy on your soul.
Wednesday, October 05, 2005
Current trading position
Okay....I am totally breaking the mechanical trading method and am looking to recoup my losses. Therefore I didn't close my short positions (long Oct puts) and I didn't switch to going long as the RSI(5) method dictates. I am looking at a new method for entering a trade and will post on it shortly with a detailed chart. The Q's and the market went down fairly well yesterday with heavy volume.
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