The only reliable system is found inside of yourself!

Hi again,

well, it ws not my best day yesterday - still, I am not in a perfect mood to pick stocks. - Not to mention my Forex Trade. Ok, let´s review yesterdays action:

1) The trade on the USDCHF - I went long @ 1.2439, SL 1.2419. And, what can I say? I just hate whipshaws - the trade was wiped out exactly at 1.2419, resulting in a -20 Pip Loss. But how accurate! I just hate it. And, worst of all, the USDCHF is continuing to climb! Damned! - But enough for the emotional side now. Coming back to the analysis, I have to understand that my personal feeling of getting into the trade one day earlier @ 1.2372 would have been more than profitable. Instead I was unsure and just waiting for some other signal (TunnelMethod). So, what is the lesson for today:

"The only reliable system is inside of yourself! - If you feel comfortable, place the trade, if you do not feel comfortable, don´t place it!"

2) This, by the way, is true for WHI and especially CCJ aswell. Why did I hesitate to take the trade on CCJ? The option (CCJLG.X) climbed to 4$ - a sure 14% gain! And, WHI also climbed to 5.92$, meaning a 1,9% gain.

3) OMRI - this was my worst pick - I got stopped out at 16.12$ - resulting in a 5,1% loss. So, what is the positive aspect of this trade? The positive aspect: I picked the bottom quite well (actual bottom was at 16.10$)!

4) FUEL - also not the greatest pick - however, without any change! The close was 2$ again.

5) DRL - now, this was a pick like I like them: 4,8% gain, last price was 6.75$.

Last but not least: I never commented on the entries I take. Maybe I should do this - because sometimes you might not even get filled. In this case, you will not loose, nor win. But, entries are always difficult. Either a Limit or a Stop - I like to see where the market is going in the first 30 minutes. That is why I usually don´t comment on the entry. Anyhow, for today I will take a rest - I am not satisfied with my results yesterday. Of course you need a loosing day aswell - but 20 Pips...? I need a pause. More soon.

Take care,
The Stockinvestigator