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.
Scott, Thanks for "The Finger" Strategy. It has helped me gain confidence in getting positive days. I was stuck in fibs, MAs and some more and didn't realize something as simple as this is all you need to get started.
ReplyDeleteI am anxiously waiting for the proposed webinar.
...strapped to a burning shit wagon. Yes, that's a tough way to go! ;-)
ReplyDelete"...not be hurled over a cliff strapped into a burning shit wagon."
ReplyDeleteThis made me laugh. And reminisce--lol! It's my favorite quote of the month. I noticed your departure from Rude City Riot. I enjoyed hearing you all play with passion. That was a great band name.