yes of course, some trades broke out on the watch list today for
day trades at least, such as PAET, FLIR, AAP, those provided trades
this morning if you took them.
I've been hesitant to take on new longs since we're up near the
top of the rectagle. My strategy has really been this - buy bullish
stocks near the bottom, and short bearish ones near the top. When
this thing breaks one way or the other, I'll be well positioned
with both long and short positions. And when I'm stopped out on
either my longs or shorts, then I'll likely already have a
small profit (or at least be at breakeven - well positioned for the
bigger move).
yep understand. I put the trade ideas out as trade ideas
only. Do what is comfortable to you, be picky, etc and don't
over trade. Just because the trade ideas are there doesn't
mean you have to take them, only do them if they are taking volume
and look good. This is a light trading week and prone to
false breakouts, so be picky. Or just take the week off if
you feel like it!!
treat the watch list as a list of trade ideas, it is not a model
portfolio. If the market goes higher, so will the longs, and
if not, they won't play out, no big deal.
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Was there anything to trade
Posted by breakout123 on 21st of Dec 2009 at 10:26 am
Was there anything to trade today if you weren't in a postition already?
The volume seemed low on the watch list items and some were up on a fast pop and then down?
Would you have gone in on a SPY purchase?
I'm doing a lot of watching and uncertainty on getting in. Any thoughts for a new trader?
I closed most of my
Posted by sahand on 21st of Dec 2009 at 11:02 am
I closed most of my long positions. According to Eminiforcaster, market is going down until Wednesday AM.
Have a profitable trdaes.
yes of course, some trades
Posted by matt on 21st of Dec 2009 at 11:11 am
yes of course, some trades broke out on the watch list today for day trades at least, such as PAET, FLIR, AAP, those provided trades this morning if you took them.
PAET chart
FLIR chart
I've been hesitant to take
Posted by user32 on 21st of Dec 2009 at 10:29 am
I've been hesitant to take on new longs since we're up near the top of the rectagle. My strategy has really been this - buy bullish stocks near the bottom, and short bearish ones near the top. When this thing breaks one way or the other, I'll be well positioned with both long and short positions. And when I'm stopped out on either my longs or shorts, then I'll likely already have a small profit (or at least be at breakeven - well positioned for the bigger move).
yep understand. I put the
Posted by matt on 21st of Dec 2009 at 10:48 am
yep understand. I put the trade ideas out as trade ideas only. Do what is comfortable to you, be picky, etc and don't over trade. Just because the trade ideas are there doesn't mean you have to take them, only do them if they are taking volume and look good. This is a light trading week and prone to false breakouts, so be picky. Or just take the week off if you feel like it!!
treat the watch list as a list of trade ideas, it is not a model portfolio. If the market goes higher, so will the longs, and if not, they won't play out, no big deal.