Well today was the first day I have been able to be at my computer during trading hours. I work a pretty crazy schedule which doesn't allow me to trade except for Fridays.
I got up an hour early, got in the chat room and started doing some research as I had $AMDA in mind from the night before. Just before the market open someone, I cant remember who, chatted about $TMST. The market opened and it started taking off. Within the first 10-15 minutes of the market open so much stuff was happening I basically froze, Deer In Headlights...I missed the possible breakout buy on $AMDA to previous highs and the TMST breakout above 5.65 because I was reading about why $TMST was spiking...I have been studying every night after work for the last 3 weeks and watched Tim's HTMM dvd. I knew what I wanted to do but with the addition of $TMST and it taking off so fast, I fee like it got me caught off guard.
I know this is my first day actually on the live charts, and level 2 which is crazy to watch when things are really moving, but I fee like I hesitated where I should have pulled the trigger. That's all I got for today, have a good weekend!
Does anyone know how $TMST was in play today? Thanks!
TMST was up on earnings. Always check the news on yahoo finance.
Just take it slow. It's like riding a bike for the first time. The more you trade, the more confidence you'll build up. You have to control the emotions and be focused. If you're an emotional person and feel in the long run that you don't like jumping out of airplanes, then you'll have to move on and do something else. Everyone is different.
I had the same problem with $AMDA..missed my 2.14 entry because I froze when I saw it spiking so much.
Join now or log in to leave a comment