One up, one down

The first week out of the gate I was trading in the positive, with a pretty good start - self admittedly not very good trades, however at least in the correct direction.

This week is plauged with bad decisions, poor timing, poor order entry totalling 3 losing trades for a total loss of $154.66, a 2.9% loss week over week.  Time to get my head in the game and right this ship.  The BGU trade I took on Thursday really chaps my ass because I made the correct call in my blog post earlier, however after reading one of the blogs out there I said "oh yeah, maybe there is significant buying out there, and I can buy on the support" when I should have trusted my own assessment and went with BGZ on the breakout.

It feels like now the market will turn short for a while, maybe at least until the SPY hits the rising 50 day EMA.  Good thing I am sitting out for now, I will look for some opportunities to hop on the ride if any present themselves.