Tried Starting the Week Right -But Failed

June 09, 2008, Monday

-$21 on 18,750 shares traded. Again, I scaled up to as much as $10 but wasn’t able to hold on to it.

What I noticed, however, was that I almost always lose with my position when the Level II screen is silent, then goes crazy the second after.

Often, I sell my long positions at the peak, thus losing the most money I can lose, only to see the market correct and retrace to my entry position, which happens in a matter of seconds by the way.

Can someone shed light on any trading strategy about this?

 

~ by figsch on June 10, 2008.