Trading stocks is not easy. If it were, then everyone would be doing it. Since I am not able to monitor the market fulltime, my trading style is in a state of flux depending upon the current market conditions. For the past few months, my positions are very short term...3 days max...with very tight stops. I try to make entries/exits at certain moving averages and trendlines. My cardinal rule I try to follow (most of the time) is: Trading what you WANT the market to do, instead of what it IS doing is always dangerous. This blog is here to stimulate thought. Enter positions at your own risk.
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http://screencast.com/t/jpZI0iZVbkT
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http://screencast.com/t/hvGiFWojUhW after 3 days of churning at the 20sma and ascending trendline, looks to visit the 200sma...170.21.
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*Downtrend since 6/19/08 *8/19...bounced off 200sma from ascending trendline *8/21...stopped at 20sma and ascending trendline *8/22...inside day, consolidation At a pivot point here. Can visit 200sma or even retest August lows. OR...continue to upper...
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oN 8/19, POT bounced from 200sma after pullback from long term trendline. Today it closed right under long term trendline. If it closes above this trendline, target would be 50sma...$206. If it decided to pullback, target would be the 200sma...170. It...
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Because its faster, I began to post my daily thoughts in chats. However, it cannot be saved. To alleviate that problem, I will copy what I said in chats and put it in my blog. Here's my Friday's comment that was saved: "POT...missed target...
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