Friday, November 19, 2010


I shorted the NQ yesterday afternoon at 2142 when it looked like it was going to stop at overhead resistance, was planning on shorting it down to support levels but using a stop in case I'm wrong. I just closed it out for a small gain. This was a trade where I was kind of late to the game. I had wanted to short last week but just didn't make the time to follow through on it and I missed the move. So when I saw a large white candle that seemed to stall at resistance I decided to be a late entry to the trade. I later decided that was stupid, I had already missed a good 50 point move down. So I'm out at 2124.75.

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