Thursday, March 29, 2012

IF U GET OVERLY CAUTIOUS...

I was daytrading today and prepared my set ups on three companies. Only one got filled and the other two never had a chance as it gapped up too high at opening.


The one that got filled made a good run within an hour. I was elated and prepared my sell set up at a modest 10% gain. In less than the wink of an eye, it was sold, leaving me bewildered at the rate it was filled up!


The stock continued its bull run leaving me biting the dust. Had i not sold prematurely, i would have gotten the meat of the trade.


The lesson i got in this trading...TIMING IS NO. 1   










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