January 18, 2008

Net: -$50
DD: -$144
Trades: 42
Shares: 4200

ge-011808.png

When I came in GE was at it’s first leg of the run-up. I shorted it at 34.48, the trade could have been fine had I not averaged too fast, that was what messed my day. On the way down I took profits quickly as I was wary the futures could push some more, not thinking objectively. Should have held on to it to at least 5EMA8 which was 34.60.

I was down -$50 the rest of the day. Bad trade after bad and missed trades after another, JPM added to the insult when it flew to 15EMA21 where I was down $144 already.

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