This one was a duzzie!

This was a series 2 trades! Pretty interesting to say the least. I actually got scared out of the first trade thinking that I had somehow entered in the stop improperly but I had not. I re-gathered my wits about me and re-entered on the break of the low of the 5 minute range for the second time. I then set my stop and allowed the trade to fully work itself out. It took almost an hour and a half for me to be effectively stopped out of the trade, however, I have made the commitment to take these 20 trades and will do so until either I hit my profit target or the trade fails.

In reviewing my trade later

I realized because of the pre-market low that this trade had it should not have been entered to the short side. It further confirms the power of these areas on the chart (keeping in mind that I am still trading a blank chart). When I do begin to draw areas of support on my chart I will be sure to pay close attention to portions of the chart that are in close proximity to my entry. This exercise is certainly teaching me a lot more about the movement of price as well. I find myself focusing on the initiation of the change in trend based on the candlesticks as well as I like to being up the 9 after the entry to see how it affects the movement of the stock. Should be cool to see the results of this training on 'execution'.!