daytrade diaries... april 02/03 easter weekend, page-40

Ipod

Your post was spot on and upon reflection I could have been reading about my own failure to capture the full extent of possible trades."a profit is a profit" has actually been my downfall this month.

For example on Wednesday this week I traded DRM for a couple of cents, sold out at 59 and thought I was doing well for taking a quick profit. Quickly went onto the next thing which was at SIP. Decided to hold overnight and it took me ages to move out of that yesterday morning as the sp just churned for a good couple of hours below my entry price.

Then look at what happened yesterday to the sp of DRM. I missed a good 20%+ by playing musical chairs and not sticking with something while it was still trending. Sometimes the 'chasing' of the next best thing gets you out of what you should still be sticking with.

Overtrading and taking profits too soon is what I'll be working on for the month of April. Thanks for your post. It made me feel like I'm not the only one.

cheers
Ange