Once you free yourself from opinions, expectations, conjecture and indicators you will find simplicity in action.
Wednesday, August 05, 2009
Interesting day
A most interesting day. Finally after months of tedious trading some real momentum opportunities showed up today. Picking $1, $2, $3 runs off AIG and FAS was pretty easy work with the signals given off. Start at the beginning of the day and work your way back up to see how it all flowed. Following the plan and taking profits as they were offered and momo slowed made for a text book showing as to why momo trading works so well.
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3 comments:
why not buy faz when you can't short fas?
Ahhh, if it were only that easy, Scott! It must be a lot of fun for you to "go to work" on days like today. Ha!
Awesome day Scott. Way to get in on that AIG action (62% day for AIG). C broke the NYSE's single day volume record today.
I wish I could short FAS. Since the split it has been moving like SKF did last year. Just incredible momentum. It's back on my front page. I'm done with SKF and switched to FAZ. IWM and TNA has been great action also.
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