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.

Once you free yourself from opinions, expectations, conjecture and indicators you will find simplicity in action.

Less than 10 minutes to go, sold SKF and done for the day

Bot SKF

Sold AIG

bot AIG

sold FAS small gain

buying the dip in FAS

sold SKF pop , waiting on sidelines.....

Bot SKF . Not being able to short AIG FAS is hampering my efforts....

1/2 hour to go till end of day i'll take those $1 pops. Sold AIG FAS

AIG

FAS

markets are breaking out

S&P and QQQQ

BOT FAS and AIG

FAS

AIG

Sold FAS , momo slowing

Bot FAS

Sold into that pop. Note dropping volume

FAS

Bot FAS, hitting new highs should not be overlooked, It can run incredibly fast

FAS

TCK making new highs

take the quick bounce and cash out

AIG

Bot AIG, caught the falling knife, will it be death or glory?

the trick on AIG is to wait for a good pullback for another entry. wait for it.....

Gold moving up AEM making new high

it might be running out of gas, sold it

AIG

I'll take that pullback and try it again.

Take another $1 off AIG. Classic set up to break higher tho....

NVAX doing nothing

Bot AIG again

If market continues to fall, watch gold stocks AEM ABX TCK GG for example, all are close to new highs

NVAX running down

lunch money trade, will wait and see for another opp

another pullback another entry opp.

AIG

Out with another $2 run

AIG

After a pullback I enter again. Too bad its not available to short at the moment.

Don't get caught without a chair when the music stops though.

AIG

Profit taking is in order after this $2.50 run.

AIG

AIG again

AIG not really pushing through the highs and since we are in the dead zone time of day I'll take that quick pop. Will keep on watching it to be ready for another move up.

AIG looks to be revving up again so I'll take it long.

After that quick almost $3 run , it's prudent to take the profits(right before a new 5 minute candle) but keep a close eye on it for another entry.

AIG

Money management

AIG is in play again today. With over 27 million shares traded, a .01 spread and a $3.50 daily trading range(so far today) it has great profit potential and low risk. I'll concentrate on stocks like these to the exclusion of others because they tend to pay back multi dollars where others are only making a .20 run. If they reverse it's also a good shorting opportunity although AIG is currently not available for me to short.