Better entries, more discriminative trades, and a broader read of the stock

Seems like keeping to these three really worked for me today. I have to say I missed a lot, only because I didn’t want to sit in the stock out of the money, just incase it got away from me. But I see now that being more picky in where to sink shares makes a HUGE difference. Really, I only need one or two good trades in this market to make a great payday.

Some stocks in the morning I was in the money 40 cents and I watched it come against me and go negative, to take a minor loss, only to see it push the high later in the day. I think not getting the general read of the stock is what kicked me out, but at the same time I don’t want to have the market turn against me and change the sentiment taking losses with it.

I was on the right side of the market today, and there was a generally good trend which made my day easier than others. I will stick to this same strategy tomorrow and see if the day tries to rough me up.

I flattened out a lot of my swing trading positions hoping to se a market pull down of a couple percentage points and then look for reentry.