You did well, jturner. I got burned today. Are you going long now for the next few days or do you think it's just a sucker rally?
shortking, A short squeeze did happen today. Let's wait to see if there is any follow trough tomorrrow. I may be doing some scalping but wont enter any position trade. Indicators looking in favor for long trades. But I want to see confirmation before getting back in. Size of my trade: 200 shares per position for daytrade and 1000 for swing.
Scalping is the safest way to make money. No worry about the long term trend. Just hit and run and sleep well.
By doing only scalps, you miss a lot of opportunities. It's less tiring to find a good stock ready to break out and watch it taking off.
This week is simply amazing. Seems to back in time in 1999. I tried not to be too greedy and closed all my positions Friday. Hopefully, the stock market has reached a bottom. Unless of course Bush decide to say something during the trading hours. Used to be Greenspan only. Now it's Bush and Greenspan together. What a nice couple.