What a slow day today was. Not many alerts came into the scanner. I sat and waited for a bit until $FLR came into the reversal scanner I’ve been using.
The markets were down and I was not thinking that anything would be available to trade. I stared at this one stock for over an hour and couldn’t feel comfortable about an entry. And looking back at what it actually did by the end of the day, I’m not sure there was a good entry in this one.
A little before 10AM, there was some stalling at the $18.50 mark but because it had gone lower in the support/resistant lines I created by looking to the left. I wasn’t so sure about taking this trade.
Even though, If I would have taken the trade at $18.50, it could have resulted in a small climb and steady consolidation, but nothing that I’m sad for not taking. Like I was yesterday.
Going to try a bit harder tomorrow, most of the time when I see the $SPY Selling off like it did today. I hesitate to take a long trade. Since I’m still not 100% comfortable in taking short trades, I rather stay on the sidelines and not take a trade.
There is always tomorrow.
