daytrade diaries monday, page-24

Hard to lose money on a day like this but I managed it with an ill-considered short on TOL. Blew the day's profits from longs on GMG, GPT and CWN, plus a bit more.

I was too bearish and couldn't believe that TOL and the overall market would not succumb to gravity at some point this afternoon. Wrong wrong wrong. Both strong as on ox through to the finish. Some days you should just step on the up-escalator and enjoy the ride.

Repeat after me, the trend is your friend... the trend is your friend...