Everything Rolling

Today was one of those days where everything rolled on me. As I am writing this post the Dow is down 4 points. Talk about a flat day. All in all it was a good day. I finished up $53 bucks, which is better than being down. The key to my success is avoiding the blood bath days where I'm down $500-$800 bucks. We're up for the month and that's all that matters at this point. The trade I want to highlight today is SOLF. SOLF was actually a losing trade, but I need to get this out in order to keep a record of my screw up today. My rule states that I have to wait for the break of the high on the 5-minute bar, yet I still pulled the trigger too soon. This silly mistake took me for a $134.64 loss. As I look at my results for the month of May, I'm only up $122.28. While this is not great, I have to remember I have 3 days which account for a -$1,100. So on days like today when my gains are small, I need to just accept them. Because once I start chasing the market, $60 dollar gains become -$400 dollar nightmares.

SOLF - Must Work on my Patience