daytrades june 17 morning ..., page-98

MemFx's Big Day Trading Adventure - Day 3

Goals were:

1) Take profit at $100.
FAIL - made Net $30

The $100 target stuffed me up here. There was an obvious naked techical exit at the bottom where I coulda bailed. $100 would not have been achieved but profit would have doubled.

2) One trade only.
GOTIT - bit easy really.
Stops me getting cocky though.

3) Observe BA ladder totals impact on price movement.
GOTIT++
BA ladder net changes did signify some directional change.
Should monitor traded volume as the Net changes occur also.

One change threw me because it I thought it was a hoax already added to a big level. Level was big before, new bid doubled it. Buyers came in above it.

Average lots/seller was consistent at those levels.First three levels on either side seemed to be full of trash bots ( < 100 lots ea )Interesting to watch small trash bots/stops going off at an obvious level too.

3/3 wins.
Turn off the screen.
I did good things (reward, take the dog for a sunny walk)
I did bad things (clean house)

Comments and criticims welcome all.