Some charts from this afternoon.

Took some of the gaming stocks short.

LVS

LVS cover

WYNN short

WYNN cover

cover RMBS.

watch gaming stocks as they look to be selling off en masse after their recent run up WYNN LVS MGM BYD

bot RMBS pop

took profits, gone short

Why I don't swing trade.

Yesterday and today I had great day trades in FRX. Lots of nice volatility but still typical, dare I say, predictable movement.

As I turned on my screens this morning and saw this daily chart, I had to chuckle to myself over the FRX pile driver.

This is a perfect example of why I don't swing trade or ever hold anything overnight.

I want to be able to control the risk in an active manner not be hurled over a cliff strapped into a burning shit wagon. When something extraordinary happens during the day I can take advantage of it in either direction. I sleep good at night too.

bot and sold AIG

entry

exit

bot and sold TNA

entry

exit

sold FRX, don't want to be a bagholder if it gets halted or something