Friday, July 13, 2012

Have to start earlier Friday

Sustained big losses today - $1200. Should have only lost $400-500 but made a few mistakes...

Mistake 1: I waited till the later part of the day to close out my old positions and open new ones. Have to start early when there is more chances to fill out on orders

Mistake 2: Opened orders on new positions before closing old ones. The market moved in the wrong direction in between and exacerbated the losses. Need to close all old positions before opening new ones

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