Monday, January 7, 2008

QID- Good and Bad

Went short this morning by buying QID. Market agreed with me and kept declining but I bailed out on the next candle, haha. I don't know what the hell I was thinking. I was watching the next candle and saw that it might decline, which it did but it was only one candle and then quickly took off again. It actually hit exactly, my 2% target and then fell.


I guess we can sum this one up to, impatience. I've been focusing on my discipline to trade high probably setups which I'll continue to focus on but I also need to focus on being patient. Getting in, setting my stop immediately (immediately is key, I keep it mental sometimes) and just let go.




qid paper trade 3

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