Day 4

Here is the new Day Long:

day-log-9-13-06.pdf

Recap

My recap will be brief tonite. No new trades and ened up getting stoped out on my RIMM Long trade – Had a very tight leash. Not much to say about my over all account. I did shave some more risk off the table by moving a few stops in my direction – overall risk is currently at less than 2%. This seem very tight but I have some doubts about this market. One small clue is the current reading on the $VIX.

I have circled the areas where this closed outside of the bands. We had a bearish signal from this today. It does tend to work better if it can be in favor of the 50 day MA – Which we are not in right now. I’m still watching this pretty close. And this is the thinking behind my tighter than normal stop. Maybe just a little gut feeling to this as well.

New to Trading

I just found this article on TheStreet.com web page called Lessons for the Apprenticed Investor.  There is a ton of good information in here.