More intraday.

Well, I learned my lesson Friday. I got in and out of the market unscathed. I traded against my usual system and nearly got burned. I have been testing out this new set of indicators, and I didn't wait on the real cross. I bought early on AMR at 5.07. I was extremely busy, and I wanted to get a position that I felt didn't pose a large amount of risk. I saw a fresh cross to the upside, but it quickly turned against me. It ran down to about 4.91 then quickly popped up to 5.15.

The final position: I bought 5.07 x 10,000 shares , and I sold at 5.14. I think I learned more about this trade than I have from any other probably in the past month. A friend of mine says the second mouse always gets the cheese. I pulled the trigger a little early here, and I had to sit for a bit until it came back up.

I got headfaked, and I had to stomach the minimal downside movement. I have gone over the trade on paper and in my head. I have learned a great deal.

I will be posting some charts of some possible market movements.

R