Focus your mind, manage emotions, go with the flow.
Wednesday, October 07, 2009
sold WLT and short now and I'm done for the day
sold OPXA
cover VECO
stopped out STEC
bot OPXA
bot WLT
short STEC again
sold SRS
sell FAZ here as well
knowing that lots of whipsaw action happens when markets are hitting intraday support levels I'll cover STEC and take profits
bot SRS
cover ERX
bot FAZ
short STEC
cover V
cover PWRD flat
going into the afternoon session with this observation, if the QQQQ breaks daily support things are going to crash if not they will bounce or whipsaw.
be prepared for anything and take profits
sold VECO and short it again
short PWRD
last post for a while, action is too fast.....
short ERX
cover VECO and long, short V
V
VECO
bot and sold V, no time to post with VECO action
the sell
the buy
sold VRSK
sold VECO and short now
back into VECO
sold VECO
covered FMX
if you're superstitious, V and VIV are strong along with VECO and VRSK
back into VRSK
VECO making new highs
sold FMX took profits , short now
FMX exploded
COP popped when no other oils were so I shorted it , now covered and gone long. a big stock like that has a reason for a move like that so I want to ride the coattails of the buyers
sold on that doji
covered and went long
originally shorted the pop
gotta go for today.
PWRD short working SRS long working VRSK bouncing again
sold VRSK
caught the falling VRSK knife
VRSK seems stalled so I'm out out it. will keep an eye on it tho
rebot SRS
had a good short in PWRD earlier today and it's heading back lower after the pop
re bot VRSK
sold VRSK
markets made a dramatic reversal so there are many stocks that are making new highs. check out your watchlist or new highs ticker and pick one or short the inverse ETFs
S&P and QQQQ
sols SRS
VRSK popped up on th enew highs indicator bucking the overall market trend
VRSK
SRS is climbing.
Lately when the markets drop there is very strong momo to it. Today is no exception to that. Countless shorting opportunities abound during these times or you can play the inverse ETFs such as FAZ SKF TZA SRS . Can you walk away and be confident that you will be right all day? Never. But as the buyers and sellers struggle for control great trading markets present themselves. Keep an open mind, take profits as they are offered up and trade with whatever side is the winning side in these moments.
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.