Heck, I love a good opening bar, beats the heck out of one that's closed! How you supposed to order a beer at a closed bar?!?!
Nah, I don't like doing much Thursday/Friday, (just managing positions typically). I'm doing some work on both though, and will be on the look out for an entry. I haven't kept up with the metal number line, so I just want to knock that out today/tomorrow before I jump in. Both look decent RHRN though...
Looks like the market wants to chop here for a bit another failed a down. Failed a down in FCX too, it started the month with some weakness. Copper and Oil with the nice moves today!
Two consecutive failed A downs in F too today. I agree, seems like a grind sideways for now. I've been noticing that weakness in FCX too. I'm keeping an eye on it for now.
Hello John I went long BIIB on earnings day (1/30) and got shaken out same morning for a .70 profit. My stop wasn't that generous. Just got done with the Fisher book. Some very simple but powerful information. His approach fits my breakout style of trading very well. I'm really surprised this book hasn't been voted one of the best 5 trading books. His concepts of price and time took me years of research to figure out. I feel cheated, but I guess a neophyte wouldn't know the value of it until they burned and learned. IMO, trading really comes down to just figuring out what side of the market has that bullseye on their back, and if I can't figure it out while i'm in the trade, then I probably have the bullseye on my back. This sounds really bad, but you pretty much have to be a parasite to make money in this business, and many times this is how short-term traders are publicly viewed.