Focus your mind, manage emotions, go with the flow.
Wednesday, November 04, 2009
Not exactly panic in the streets yet so I'll take my profits in FAZ SKF and call it a day
FAZ
SKF
QQQQ daily low is being approached again. We are well positioned with FAZ and SKF longs with 20 minutes left in the day
FAZ , SKF long again
FAZ
sold FAZ, SKF taking profits until the market decides on a direction
FAZ
SKF
sold GG taking profits
SKF is rising along with FAZ
gold names are moving up
GG
I'll try FAZ long again.
Will she or won't she...
...take the loss that time
FAZ
...because you can always buy them again
FAZ
...and when it isn't, take the profits
FAZ
SKF
The market direction is clear now for the moment
FAZ
SKF
With all the juicy volatility lately, still playing the high probability is the best way to trade. Stocks that were up huge yesterday like GG or AIG are a better bet to fall back today if they continue as they are. And FAZ is always lurking around to pop if that happens. As always protect yourself from reverse moves with stops.
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.