I had several stocks break out and some that broke down from last weeks list and some that continue to consolidate. Some of the stocks that broke out will still be on watch for continuation and the ones that are still consolidating get carried forward to this week.
Overall I had a very good week last week. There were a couple of hiccups along the way but at the end of the week I walked away with a nice healthy profit and that my friends is what really matters. Could it have been better? You bet it could have, I missed some real home runs and I had a few losers that I should have never even been involved in. I give myself a B- for the week.
The important thing is I didn't let my missteps impact my mental state. I try to learn from my mistakes and keep pushing forward with a disciplined risk management approach. I have found that I can't let myself get too emotional about a trade. I am going to lose some, I am not going to buy exactly at the bottom or sell right at the top. I am going to leave some money on the table and I am going to have to take losses. I'm okay with that as long as the losses are small. I don't want to make myself of victim of hold and hope and have those small losses become large ones.
I traded 2 stocks on Friday $GMXR and $SNSS I traded $GMXR early and 3 different times throughout the day and it was a big winner for me. $SNSS was a late day attempt that I tried to catch on an intraday break out. I wound up selling out flat on the trade. It then decided to break out right @ end of day. What's that saying? Oh ya >>>
"Stuff Happens"
So here is the beginning of my watch list for next week I plan to add tomorrow or early Monday morning but its a good start. Best wishes to all and I hope you are having a fantastic weekend.
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