Focus your mind, manage emotions, go with the flow.
Thursday, October 08, 2009
before I go I want to say to keep an eye on the inverse ETFs like FAZ SRS. if the markets keep pointing lower these things will rocket launch
FAZ
sold AIG and short now. I'm going to concentrate on trading and not posting today as there seems to be a lot of momo each direction and don't want to be distracted.
cover AIG and long AIG and XRTX again
AIG
XRTX
but I dont want to be long when the markets are pointing down, so sold XRTX
XRTX is moving to new highs
After all these months of not being able to short AIG , its finally available to me. I'm positively giddy with excitement.
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.