Overanticipated again, fortunately without margin

Discussion in 'Trading' started by crgarcia, Jul 6, 2007.

  1. I swing trade, because of my big-picture analysis now I'm neutral, alternating long and short.

    Bought some QID shares (2X short QQQQ), just after the rally. I'm still holding positions.

    The amount the market had gone up isn't that significant. Given the flat, low-volume today friday, doubt it could get into the next week without a moderate selloff.

    However I'm anticipating the market too much:
    in the past sideways markets; waited a couple days after rallies/selloffs, for the stocks to stabilize (trade almost flat for the day), then went short a couple days after rallies, and long a couple days after selloffs.

    Next time will wait for the market to stabilize, before opening trades.
     
  2. S2007S

    S2007S


    next week starts off with AA reporting earnings, get ready for some more volatility as these companies start to report earnings.
     
  3. insert

    insert

    so in other words you don't know what you are doing

    instead ask yourself, why aren't I a day trader and WHY am I holding position for so long if it didn't work in my favor