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Friday May 3

|Includes: American International Group Inc (AIG), ARCH, BB, BHGE, DIS, EBIX, EXPE, GM, HIL, LB, MCO, PAY, PM, SQNM, TGT, UPRO

Today was a fairly active day for me in the morning, but I stopped trading early, which was probably a very good decision. In the morning I was positioning myself short in a large number of positions. I tweeted that I had the feeling today would test my ability to flip my conviction. Minutes later, I dropped most shorts and started looking for longs. At this point I was actually up about $100, which was nice to see. Even after all the shake in the morning and my quick change in positioning, I had made a little bit of profits. However, as the day went on I continued to get chopped out of trades. In total, I traded 16 names today! This is bad. There is no denying that I over-traded today. In a market that was not trending well, I was trying to make trend trades in too many names. In the end I paid the price as my account finished down about $200.

Thanks for being a part of Always trade with a stop loss and manage your risk appropriately. Have a good weekend!

~ Jason