Showing posts with label pcu. Show all posts
Showing posts with label pcu. Show all posts

Thursday, February 22, 2007

Ugh!!! For Some Reason I Ignored My Notes

You'd never have guessed that I've had a pretty good week thus far, considering that I looked like a lunatic after reading the notes I made on Monday's watchlist. Here are the three stocks I starred, with the accompanying notations:

PCU: Nice looking breakout with NR7 HTF formation. Enter now under $68.

For some reason, I ignored my notes. The stock is now trading above $72.

EDU: Strength after BO. Good RSI. Buy break of $42 if good volume.

For some reason, I ignored my notes. The stock hit $44 and again has a nice pullback in place.

JOYG: pb 50 MA. Buy NR7 BO above $49.

For some reason, I ignored my notes. The stock broke above $49 and is now at $54.

I can't figure out why I passed on these trades. I don't recall finding anything inherently wrong with these stocks. However, I did make a couple of more speculative trades that payed off (EWZ and AKAM). Nice, but profit is no justification for passing on these near perfect setups. This is something I'm going to have to start working on. Time to dust off the psychology notes . . .