Category Archives: Diary

The 60 minute chart is your guiding light…

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Today’s price action in the market reminded me big time on how important the 60 minute chart is when determining if a lower time frames setup will workout or not.  The first two hourly bars were green but the 3rd … Continue reading

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Your management can make you a profitable trader!

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 After the trading day yesterday, I was so disgusted with myself with my poor management on my play of ADBE.  I left 1/2 of the move on the table and for some reason I covered my entire lot @ 63.94 … Continue reading

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Prior Day’s close

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I’ve been trading for the last 8 months without moving averages and have not missed them at all.  They are your training wheels in the beginning but after you’re up and rolling along they will get in the way and … Continue reading

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No Mojo for TraderHank this week

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  I ended the week down a few “risk” units, the last time I had a losing week was the week before Thanksgiving.  I guess all steaks will come to an end but unfortunately this was just not my week. … Continue reading

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Market Law #1

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Reads, “The law of momentum, under normal market conditions, wider color bars will be followed by the same colored bar 80% of the time.”  Today this market law kept me on the right side of the market.  The QQQ put … Continue reading

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Would’ve Should’ve Could’ve

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I had a profitable day today and about a break even week of trading this week.  I chalk this up to making a few mistakes.  It’s one thing to finally get your trading plan to the point that it’s profitable, … Continue reading

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Brute force attack…

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I had many a good trades to share with you last week but the Word Press community was hit with a cyber attack causing my hosting company to block access to my administration area, therefore I could not post my … Continue reading

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Admit it, we are really gamblers…

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I’ve been working with my wife’s psychological problems when it comes to trading losses and her temper when I finally figured out what the problem was.  When your friends find out that you’re a day trader, many will think that … Continue reading

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Holiday Schedule

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I’ve had a pretty good week so far with my P & L up 3 risk units for the week as of today, Thursday.  FOMC announcements screw things up a bit plus the Holidays are always trading periods to avoid. … Continue reading

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Aha moments on entries…

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trading in the zone My trading has been heading to mastery in a hurry lately since I’ve been starting all of my plays with only token share sizes.  I’d recommend just 1 lot of 100 shares on what ever time … Continue reading

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