Te Amigo's Trades

Notes on my trading; entering, monitoring and exiting positions.

Monday, March 06, 2006

 

Today's Action

I had two positions open, WTZ and WPCS. I used Prophet to monitor the charts, and set reasonable stops. Then I came back around noon here, 2pm in NY, and exited both trades. That's the form the monitoring took. Thats the theme right now, monitoring. Last week was entry. So the picking is feeling pretty good, defining my screens and looking in the results for patterns I like. Then entry last week felt pretty good. Pretty much everything made some upward progress along the line. Monitoring needs a bit more work. Exiting is yet to be addressed. Found a new website, http://www.trading-naked.com. Fellow trades Futures, and uses EFT, Emotional F T, an interesting Acupressure kind of discipline. More on that at http://emofree.com.
So, What do I want to do re monitoring? How? When? How often? What tools? Today I used the watchlist feature at Prophet.net. Gives me charts, but only daily, though they are updated regularly, and price info. Thats better than just charts, because I see all positions at once. Also, peeked at the day-minute charts of group occasionally to get good info about the individual issues. What about averages, mkt news, etc?


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