To be honest, I made more scalping the index funds today than I did with my picks and were it not for SWIR coming through in a BIG WAY it would have been my picks’ 3rd consecutive down day.

NPSP was a good call but just unlucky

FTEK was a horrible call for ulike SWIR there was no resistance to ensure its followthrough… This chart is going in the “Book of Setups not to Repeat” … Hey, maybe I should start to keep that book online… check back soon :)

NTMD: I’m not sure what I think of this one. I don’t think that the DT-L was necessarily a bad call, but with the nearest area of support 2 years ago on the yearly, it would be better suited for a swing-type entry over a Daytrade Entry…this is another lesson I’ve come to realize this week.

AMD: I’ll admit caught me completely off guard. First 1/2 hour looked wonderfully reassuring & even with the correction the next hour I wasn’t too concerned after a very nice looking Bottoming Tail, but then all hell broke loose resulting in my biggest loss of the day. I thought about adjusting my stop to under the BT, but my trading plan doesn’t call for making stop adjustments when a play is under-water because I place my stops in very strategic locations to allow the pent up supply/demand in those areas to work in my favor.

But all was made right with SWIR which is one of my best calls since changing systems. It offered ideal R/R & the slippage that I took to get on early in the morning was well worth the reward.