310507

Haven't done market analysis because of stupid work.

Scalping on GS...
This is the first time I'm trading GS. Not bad, I was able to use the support and resistance to determine when to enter. as yesterday was a very bullish day; GS gapped up and never came down, today was a good day for consolidation.

I learnt quite alot of things today: it is very easy to use S&R to scalp on a consolidation day, as the stock would trade within a range predictably because it is moving sideways. I also notice what is meant by a money window. For a 15 minute scalp, I could identify 2 money windows before 2:30pm.

I've also made some stupid mistakes - because I'm using OX, i didn't realise the transaction fees until I checked my analysis. I wanted to sell along the uptrend, it ended up eating up my profits, thank you very much. OK, if I was using an IB account, I would have earned some money.

Finally, I realised that it was important to check the slippage of the option. That's it for today. Hope there's time for me to do some market analysis tomorrow. Fuck work. I'm going to trade full time!