Futs down a bit. I went mostly cash into weekend, holding light uvxy plus btc stocks, so I'm hedged. Also long kold sco. Any thoughts re what your focusing on next week?
Down until QE. Go on and keep buying your inverses. Why not? You've had a good 6-month run. No reason to think it will not continue.
Last week was pretty good and my goal is to improve my methods of tracking and record keeping. I plan to trade the same stocks because they continue to perform nicely, one was a dud but it happens. My focus is on being consistent and positive. And I will keep my eyes open for whatever arises and stay flexible. I ordered two trading books which should arrive on Wednesday, so I'll be peeking in those. This will be a productive week. Good luck everybody!
Trading books, ugggh....I always cringe when I hear that, I imagine...all those books basically say....is to be aware of the Support/Resistance lines....and bet up when it gets low, and bet down when it gets high. Yea, right. If only, trading were that easy, instant and automatic. Someone doing that will finish the year at break-even, at best,
It's not that serious. One is on technical analysis, which I know nothing about. The other one is by Wm. O'Neil. I already have his How to Make Money in Stocks book, and I just ordered The Successful Investor. I am a total bookworm. I own at least three thousand books, there's bookshelves in three parts of the house, a cabinet in my bedroom filled with books, books laying around all over the place. And I have 943 Kindle books. Anyway, all that stuff about support and resistance, seems like fluff to me. I like to keep things simple, stick to the basics - buy low, sell high, rinse, repeat. It's working for me, but I still want to know if there's anything I'm missing. Take Care!