No Trade Day

STXS, BBRY, SPEX
Stereotaxis Inc, Blackberry Inc, Spherix Inc.

I had STXS (again), SNTA, BBRY, AMD, MTL, SPEX up on today's watch list. I only wanted to observe SNTA, AMD and MTL but the remaining 3 I was looking to play. Did I forget to mention you should also have the data for the markets open as a reference to view where the market is trending. Anyways, I wanted to highlight some of the positive moments I had today and some things I need to work on.

Highlights:
1. I was NOT emotional especially missing many potential opportunities I remained calm and avoided possible failures.
2. I constantly looked at my rules to ensure I had everything checked off before placing any trades.
3. I placed "stop limits" fairly safe for both buying and shorting orders. This may have or may have not helped me but I wanted to take extra precaution today only because I needed to familiarize myself with the market between 1-4 pm (I usually start around 9 am).
4. I kept my 'R' the same throughout the day (R = max $ loss on a trade). I had the urge to increase it to make a quick profit but I know this would be breaking my rules so once again you must follow your rules at all times!
5. I did not trade unknowingly. What I'm referring to is the fact that some stocks were just too confusing to understand when looking at the candlesticks so I told myself forget it! Stay away from a trade if your not 100% sure of what you are doing. As obvious as that may sounds there are many novice traders who make that mistake. Not good.
6. I reviewed market data constantly and found possible correlations with certain stocks. This definitely helped me in my decision making.

What I need to work on:
1. How markets react to Buy and Sell order towards end of day. I noticed when placing various short orders I was getting the same message repeatedly for different stocks. It said "There are not enough shares to place an order of your share size, please reduce the number of shares or contact...for assistance". What it meant I was unsure of as it was my first time getting the message. I quickly referred to my friend and he advised me to look at previous days volume, and I had noticed that the previous days volume was significantly low as was the current. Low volume trades are harder to place.
2. Make a list the previous day with a minimum of 5 stocks to trade.
3. Look at one year High's and Low's. This is fairly important as it could indicate a possible breakout if price goes above 1 year resistance or below respectively.

"these are just my opinions and not a buy or sell recommendation. i hold no position in this company nor are they paying me to post this".