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Friday, September 11, 2015

Trading Recap 9/11/15

I want to recap a trade I was going to take but didn't just for review purposes.

TTPH: I was looking at the chart and saw a nice pattern forming. With the SSR on I thought it would finally squeeze and get that bounce that everybody thought was coming. It was holding trend which was different than the prior two days. After it broke the downtrend line, I thought about going long but with the SSR on I wanted a dip but I was thinking of just starting in small and adding in. Never did that unfortunately. Probably because I have low confidence in my ideas now and I didn't have the best of confidence in it. Even if I did do that I'm not sure if I would have sold at 9.50. I might have waited for a lower high or something else but that would have been at a steep discount to 9.50. The prudent thing would be to sell there since that is major resistance and if a trend forms buy the dips later on.



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