good trading bad trading

I'd throw a chart.... So... This still looks like an "A" move... So... I wouldn't get too excited about any correction until you see a heavy correction followed by another move up....

What needs to happen in any short covering move, is that the shorts have to stop covering, The pain has to be so great that they have to get the hell out of the way. There are no shortage of bad shorts out there.... and yesterday I was one of them....

But the covering has to stop... then the Long's have to earn it.... This is the point we will get a natural correction.... Then the longs will move in and we will get another short covering rally to a new high..... Then that runs out and we have the finally of this move.

The thing I messed up on yesterday was that I was too aggressive and didn't wait out a correction.... I didn't wait it out to that natural series of slightly higher highs, that indicates distribution..... that move then moves into a correction... which tries to correct to the upside and fails.... which provides you with the opportunity.