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rfriend73

Registered: Apr 2012
Posts: 74

10-24-12 07:13 PM

I am bullish long term and my trading reflects this, unfortunately the current market is so choppy and gaps up and down every other day that I am spinning my wheels (and capital )...So I was wondering if anyone was going long and doing well right now ?

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murray t turtle

Registered: Dec 2001
Posts: 6268

10-24-12 07:44 PM

Quote from rfriend73:

I am bullish long term and my trading reflects this, unfortunately the current market is so choppy and gaps up and down every other day that I am spinning my wheels (and capital )...

So I was wondering if anyone was going long and doing well right now ?

==============
Rfriend,HI;
yes, but metals may medium & long term UPTREND trend better than SPY, not a prediction.

QQQ & SPY are HI priced ;
sure they are long /med term up TREND,uptrending in a seasonal bullish bias[6 mo, 12 mo 120 mo...................................................................

So even with a battle tested bullish bias on QQQ for NOV, maybe DEC;why buy HI, unless a little, little bit long term scale in?????

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jack hershey

Registered: Feb 2003
Posts: 7369

10-24-12 08:32 PM

Those who are beginning to trade could consider only trading one direction at first.

For many neuroscience based reasons, only trading long may be helpful.

Go to Behavioral Finance home page to consider how improving trading works. It also works for beginning trading.

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rboflemniscate

Registered: Oct 2012
Posts: 16

10-24-12 08:47 PM

What indicator(s)can show you if it goes long only,ignoring retraces?Same for the short side.

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NoDoji

Registered: May 2008
Posts: 8107

10-24-12 08:51 PM

Quote from rfriend73:

I am bullish long term and my trading reflects this, unfortunately the current market is so choppy and gaps up and down every other day that I am spinning my wheels (and capital )...So I was wondering if anyone was going long and doing well right now ?

What is your trading time frame and your average hold time for trades? If you're a day trader you can be making money both directions. Even through the downdraft of the past 4 trading days, there have been plenty of profitable long intraday setups. But if I were a bullish swing trader, I'd be sitting on my hands after 10/11's action (lower low printed following a lower high).

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lindq

Registered: Mar 2002
Posts: 2475

10-24-12 09:13 PM

Quote from rfriend73:

I am bullish long term and my trading reflects this, unfortunately the current market is so choppy and gaps up and down every other day that I am spinning my wheels (and capital )...So I was wondering if anyone was going long and doing well right now ?

I've had a decent month with equities. There are good trades to be had, although not frequently. As I hold trades till EOD then go flat, gaps are only an issue for me in terms of my system selecting candidates each morning.

Pick your points carefully, be selective, and don't get impatient. Even one good trade a week will pay your rent.

Good long trades this month:
PSSI on 3 Oct
RGR on 5 Oct
CLMT on 10 Oct
VRTX on 12 Oct
ERX on 22 Oct
NUS on 24 Oct

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