Today I lost about $100.00 letting go of some profitable positions and letting my losing position continue to gain more losses as I thought the market would reverse. I’ve added two snapshots. My thinking was the market was going to correct itself. Being that it was Friday, traders would start selling their winning positions. The RSI indicator showed that it the market was oversold on the 60 minute and the daily chart. However, the chart pattern also showed a break out happening. Very confusing. I need to figure out what happens next and learn to read more on what to give more weight to, indicators or chart patterns.
I’ve been away from blogging here. I’m ready to start blogging about some new experiences. I just came from a networking event. I had a blast. Met a bunch of new people. I’m getting ready to take life to a new level with my art, Send Out Cards, my music, photography an my writing. I started painting shirt. Here is my second creation of a new shirt painting.