daytrading may 16 morning

  1. 32,662 Posts.
    Morning all. Thanks HLL and the team. DT thread just gets better with age. Just needs a bit of editing sometimes.

    A couple of falls off the hi-wire last night. Keeping me away from onite and LT holds. Trading is 90% about risk management.

    US Sec of Defence Donald Rumsfeld came up with the term "unknown unknowns" and copped some stick for it. This week I learnt two simple bits of info about door locks and basic shoulder anatomy that have saved me time, money and grief. But what amazes me most is that I didn't already know them! I pride myself on knowing a lot of stuff but then you realise there's things you didn't even know you didn't know. lol

    So this same thing applies to stocks. Never stop digging away.

    Whoops, better stop raving. Market about to go. Would expect profit taking to be short and sharp on open.

    Check open orders

    Take profits and losses

    Happy trades

    Congrats to Michael Mathews and Cadel Evans at Tour of Italy. Aussies are killing them.
 
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