Psychology note

When an experienced trader uses tools and resources to make a good trade I think it is important for the trader to commend themselves for good trading and not to think of it as being the tool or resource. Similarly when trades go against you, take the credit for that also, don't blame.

It is about personal responsibility.

Trade update

It is tough to tell if this trade will work out or not. My days off I've been sitting in front of the computer a lot, this can lead to either insight or at times overtrading. Overall this is a leading stock. But I considered the growth chances of this stock versus another, the morning action, and just decided to sell it. It closed below what I sold it for. I just get the sense this one is going down from here. I can't trade senses very well. I moved the money into one of my remaining stocks where it closed up a buck and remains near all time highs. I've noted the action in MOS, it does not matter.

I have another stock that is not moving as well. It came in on lower volume, might come in more. I have little profit in it.

I feel good!

I feel like I am trading adeptly and I am being successful at it. The market was fun to watch today. No music to play, don't want to get giddy or emotional.

Going with what is working

Of the 4 stocks I bought 3 are working out okay, another was lagging. So I sold the laggard and added to another a few points higher than original stake. With a little more research the stock I sold out of was not even in the top one or two of its group of similar stocks.

Two of my stocks are in new high territory. Two of my stocks report tonight. This is dangerous territory.

I like my chances!

Adding

So of the four issues I bought only one was profitable as of yesterday. None of the charts or volume related moves were horrible though several of these are near earnings subject to heavy losses. They are all significantly above 50 day averages. I am monitoring for big down days on volume but expect that I will more so see further accumulation. I added to the one issue with the highest RS.

WTF market

Crazy action yesterday with flash crash of SPY, down to 106, not sure what was going on. I still like the market though it does bring more fear in. My guess is AAPL move down about 20 after hours was buyable for a few day swing. I made some nice fast money on BIDU on similar reaction, held for maybe an hour after buying premarket when it took out the post market lows.

One of the issues I bought had a clear breakout, it is one to look to add to. The others are mixed but not broken.

Election year, 3rd year of president helps me to be bullish though the charts tell the stronger story.

Plans

I've done some research over the weekend and I have a buy list of growth stocks. It looks like the market should pull in a bit, I am looking to buy 50% of intended positions in 4 issues, will add to those that work. They are all must have big cap stocks near all time highs.