Day Trading

Since some precipitation was expected yesterday,
I decided to do some day trading.

My pick of the day was 6367, DAIKIN.

In the past I would definitely go with a buy entry
after seeing the 5 minute-chart shot up strongly
as high as +0.68%, +\135, from the previous
closing value, right after the market open.

Today, however, I waited, looking at the price board,
taking a deep breath, still feeling undecided.

At 9:10 the first huge selling pressure appeared,
showing a long shady candle stick below the short term
MA line which was -\225 from the highest value
at the opening but at the next instance the opposite
pressure showed up with a bright candlestick.

It was at 9:29 I finally made my mind after observing
the short term MA almost touching the longest MA to
take a sell position.

My order was accepted at \19,675 and until the
end of the morning session the downward trend
continued, ending at \19,485.

The opening price of the afternoon session jumped
up with a long bright candle stick as high as +\80
which made me to think closing my position.

It was 12:46 at which I placed a sell order to close
my position and it was accepted at \19,584.7.

Of course if I had closed my position at the end
of the morning session, I could have made more
profit but there is a saying “頭と尾っぽはくれてやれ“ in trading.

You may say, “Just you earned some justifies all thing you did?”

But important thing is to protect your earnings and assets
rather than focusing on how much you can earn.