12% gain in three weeks. My friends in their 4% 6-month CD's are drooling. (Now, repeat week 1 and 2; throw week 3 in the disposal )
Trading is SOOOOO simple.. Simply remove the losing periods.. LOL... Seriously, GREED most responsible culprit.. You just get tempted to make the whole month's quota in one trade...
Stopped out of FAS 9.28... (was greedy at known $10 resistance) Should have gone long FAZ at the time..
VERY challenging week with all the gaps.. Currently Swing short IGT, SGMS, M, UAUA. Finding RSI trends quite useful for hanging on to swing trades. Dow hourly attached "suggests" 8000 may fall for good this time after some struggle, Daily oscillators also just turning down.
Treacherous week with the gaps.. Volatility definitely back.. Trying to integrate some quieter background swing trades.. they helped a lot this week from the losses 1st half of the week.. A lot of stocks that had been building uptrends since November have or are close to breaking down.. All current shorts are multi-week trend breakdowns.. UAUA, SGMS, M, and IGT.. Also long FAZ. These common breakdowns fill the air with Dow 7500 retest or worse.. we'll see. "There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. " Jesse Livermore It is me he wrote of. Nice trend profits early in January wasted second half.
Still seeking a method to this madness.. Could be high volatility for day income trading, lower volatility for swing trades.. getting there... sloooowly...
Week was harmless until a take home of FAZ and TWM into this morning.. FAZ!!@@#.. really should layoff Finacials for take homes.. not learning.. Long AGU, POT, AEM, BGU. Written goal to Swing trade a few non financial names and only daytrade financials.