I’ve been doing some analysis of my trading and I’ve determined that I’ve been overtrading my account. I’ve been going in and out of positions too much trying to catch some wiggles instead of being patient with the bigger moves. The net result is that over the past few weeks I’ve been churning my account [...]
Continue reading about Sunday Night Coffee – October 25, 2009
I titled this post “don’t worry about being a sucker” because I think many intelligent traders carry a long term bearish bias on the direction of the market (and the economy) and therefore hate the idea of being caught long when the market finally does come back to reality. There is this common thought of [...]
My computer was not broken today. I just didn’t have much to trade today.
The VIX hit its lowest point since last September. It was tempting to attempt a support bounce via VXX but I didn’t need additional short exposure.
About all I did today was trade in a portion of my SPY hedge for a [...]
This week I have less general market commentary and more focus on specific stocks. I’m seeing more long opportunities than short opportunities, but I am generally seeing a good balance of both. Many of my ideas from last week are also still valid.
The action in the QQQQs was actually quite helpful last week. I had [...]
So is the market going higher or is the rally going to fail here? I don’t know the answer, but I do think the most logical plan is to continue to play the market with a long bias. SPY is in a little consolidation between $92.5-$95. I think the most likely scenario is a move [...]
