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