Focus your mind, manage emotions, go with the flow.
Wednesday, August 12, 2009
markets are very jumpy so prudent to take profits as the momo slows, sold SRS FAZ cover CROX
*note blogger is not loading the images
After a real snoozefest most of the day, things finally start to heat up. A bit tricky to trade but usually the right move is the first one, in this case down or trade the inverse ETFs up. Things are pretty jumpy so don't have too many plays on your plate...
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.