Well last week turned out to be a profitable week but was a huge letdown. It seemed that I was on the verge of having one of my best weeks in a long time, that was until Thursday came along. I was up over $500 on Monday, lost $126 on Tuesday, was up $444 on Wednesday and had booked over $500 in gains on Thursday and was holding a $350 dollar winner but still lost money on the day. The problem was that I had bought the DDM around 9:00 that morning with 300 shares fully expecting the market to rally back above the January lows. I began to get concerned about the trade when I went back and looked at the chart of the Dow and a chart of the VIX ( courtesy of Stewie). When Oil made new highs and the market continued to fall I began trying to trade my way out the position. This did not work and I ended up losing $740 on that trade alone. I had planned to hold on to the shares for a few days as I believed we were oversold and the market would bounce. New lesson: Never try catching a falling Knife and Screw trying to pick market bottoms and tops. Anyway, the other profitable trade I was holding in the SKF got wiped out when Oil spiked up 3 dollars and the market instantly fell to new lows. So instead of make 800+ on Thursday I ended up with a $330 dollar loss. The disappointment and anger bleed over into Friday and I ended up losing $400. So all told I made right at $100 for the week. This is proof that just one or two mistakes can really screwup your trading week.