RE: SIMSCI 11-JUL-2006: 2nd trade: Short trade closed

It is indeed not so good day to me. I have two losing trades today. Second trade was a SHORT on SIMSCI at 288.9. After the spike of afternoon session opening, SIMSCI looked weak.

Trailing stop was moved to 289.5 and triggered. Instead, a 'W' bottom is in the making and RSI starts making higher lows and MACD moving above trigger line.

Second trade closed with -0.6 point loss.

Trade summary: Direction: Short Entry: 288.9 Exit: 289.5 P/L: -0.6 points.

That's all for the day. No trade will be made to avoid any potential emotional trading.