Focus your mind, manage emotions, go with the flow.
Tuesday, January 27, 2009
Done for the day. Fresh snow yesterday, going to take my daughter tobogganing.
If you didn't get shaken out of AEM , an easy $1.00 was offered up. If you covered on that 5 minute doji and got back in again, even better for you.
When something like GS offers up good , fast profits, it's prudent to take them. Same with all the others.
+ $ 1.40
Momo time again with markets pile driving. Lots of opportunities
GS short
SRS long
EEV long
FAZ long
Some quick profits could have been taken on those I posted . You could play the reverse or wait and see if the trends continues.
FAZ $ 1.00+
GS . $ 50
SRS $1.00
RIMM $.50
EEV going up
After a choppy morning, some high probability trades are presenting themselves. Will the trends continue? No one knows.... taking the $ when its offered is a good way to build up your account and confidence though.
I will endeavor to post charts showing my daily trading activities in as real time as possible. However when there are fast market conditions there will be several minutes delay while I sort out my positions, then get around to posting the changes here. I trade off 5 minute charts in conjunction with 15 min. charts and pay close attention to 5 min. charts of the S&P 500 and QQQQ.