Focus your mind, manage emotions, go with the flow.
Monday, October 26, 2009
sold that little FAZ bounce
sold AIG bounce with 5 minutes to go
ENER, GG bounce wwas amemic, lets go with FAZ again long
ENER
FAZ
bot ENER
bot GG
stopped out FAZ , BX bot AIG
FAZ
AIG
short BX
took a few dollars off VRSK
once more into FAZ
bot VRSK
some support here so I'll sell or cover for some flat trades AIG SKF FAZ
back into SKF,AIG, FAZ .
SKF
AIG
FAZ
taking those momo move profits in FAZ, SKF
FAZ
SKF
AIG stalled so I'll bail out and get into something that is moving like SKF
short AIG
bot that FAZ pullback so long again
not a lot of conviction at this moment in time so I'll sell FAZ and cover GG taking profits in each.
FAZ
GG
I'm watching the levels on the QQQQ to see if it breaks the days previous low. FAZ ramping up in anticipation. GG going the opposite way. Of course these days more than ever things can reverse and bounce huge so be prepared for anything.
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.