CLF was my #1 pick this morning. I got over eager and ate the first trade hard. Of course now it looks like I should have just held on for the reversal, but I must be strict about my stops so a slap doesn't turn into a wallop. -52% hurt! But I tried again when I saw it bounced. I went in to second try initially smaller for caution, but added (to oversize) on confirmation. It was a huge relief to get the first half off for pl tgt, but that first gain still left me with a red account and a slightly uncomfortably big position. Yanked some more off at increments and then yanked at a final stop.
...and then watched it run away train through several resistance levels even as the market was downtrend. I got my piece, back into green, and must be at peace with that. Can't hold beyond my rules because that's a recipe for disaster.
Had a little money left and tried for AXP blue sky breakout. Contrary to CLF, opening weakness didn't followthrough. It barely survived my stop before giving pltgt by the skin of the teeth, then dropped back out and I ate the spread.
