[INTRA-DAY ACTION]
Fear is the number one enemy for anyone that wants to day trade. Fear makes you miss opportunities like nothing else does. I seem to be low in confidence at the moment, for whatever reason - probably because I hate CMC and don't want to give them any more money in commissions.
Check out this EasyJet chart from this morning.. I sat and watched this all day as 5 indicators to short the stock came and went. The first indicator was the most blatant sell signal you will ever see in your life as a trader. For whatever reason, I just could not bring myself to move my cursor over the sell button and press it.
The unfortunate thing is, the more of these plays I pass up, the less confident I become. It's a perpetuating cycle of fear that I must learn to break quickly.
Lunchtime update:
I've started to only watch Barclays (BARC), EasyJet (EZJ), British Airways (BAY) and BP (BP.) in Europe for the past few days. I should really phase out one from the airlines and perhaps introduce something from tech, mining or something consumer related. Oil is such a big factor at the moment, and as I familiarise myself with the airline movements I'm still happy to keep 2 on the books.
Elsewhere my US setup for today is:
Evening update:
Financials have actually been pretty good, oil is kind of holding around $118-119 and there has been some nice trading today. EZJ is a gem for signals, but I was busy waiting for entries in GM and AA to notice another double bottom into close.
Pretty annoyed with another stock I noticed pre-market - Agrium. It's some kind of agricultural stock that trades in Canada, I saw a big gap down and an ascending triangle had formed (I checked after I saw news about earnings) and was getting ready to play this on the open. But it gapped up and didn't give an entry.
Couple of charts here from so far today, including a follow on from TSO yesterday..
Check out this EasyJet chart from this morning.. I sat and watched this all day as 5 indicators to short the stock came and went. The first indicator was the most blatant sell signal you will ever see in your life as a trader. For whatever reason, I just could not bring myself to move my cursor over the sell button and press it.
The unfortunate thing is, the more of these plays I pass up, the less confident I become. It's a perpetuating cycle of fear that I must learn to break quickly.Lunchtime update:
I've started to only watch Barclays (BARC), EasyJet (EZJ), British Airways (BAY) and BP (BP.) in Europe for the past few days. I should really phase out one from the airlines and perhaps introduce something from tech, mining or something consumer related. Oil is such a big factor at the moment, and as I familiarise myself with the airline movements I'm still happy to keep 2 on the books.
Elsewhere my US setup for today is:
- Potash - agricultural
- Alcoa - metals
- General Motors - vehicles
- Tesoro - oil refiner
- United Airlines -airline
- Bank of America and Citigroup - the financial spine of my US operations.
Evening update:
Financials have actually been pretty good, oil is kind of holding around $118-119 and there has been some nice trading today. EZJ is a gem for signals, but I was busy waiting for entries in GM and AA to notice another double bottom into close.
Pretty annoyed with another stock I noticed pre-market - Agrium. It's some kind of agricultural stock that trades in Canada, I saw a big gap down and an ascending triangle had formed (I checked after I saw news about earnings) and was getting ready to play this on the open. But it gapped up and didn't give an entry.
Couple of charts here from so far today, including a follow on from TSO yesterday..
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