Recovery?

I, like most optimists, spent the weekend licking my wounds and reviewing my charts. I expected the jump today, but didn't expect it to take so long...tells me the bears are still attempting to keep control of the markets.

I tend to watch my stocks pretty closely, so, given that habit, I was shocked to find I should have bailed out of three stocks early last week! What happened? First, I'm 'max'd out', fully invested. Second, I was lulled into being too smug after the prior week's results. Third, I got lazy with my stops (That should be FIRST). Getting lazy with stops will make a person POOR....quickly!

Lastly, I came down with some kind of gunk, blood related I think. Whatever it is, it knocked me on my toush, making me overwhelmingly tired. Can't be on your best trading behavior while feeling like poop! That takes me back to item three, er, one. DON'T GET LAZY WITH STOPS!

Alpha

Nice Correction

Wow! These past two days have been ... "fun" *not!*

Watching my portfolio take a beating made me pucker up so badly I needed a crowbar to get out of my chair...

I hope people were indeed "watching" GBT, as the SlotMonkey suggested in his blog last night. Those DT's that jumped made some serious $$ today. No news, just appears to be a crossover jump. Gotta love those automatic systems...

I couldn't post yesterday, but I still want to mention a stock I own - ABB. I wanted to tell you yesterday that, once you did your DD and decided you liked it as I do, to wait for a dip before wading in. WELLLL?!?!

I am not doing the day trading volume I want, but don't think it matters right now. When I get frustrated, I take a "breather" by moving most of my $$ into longer term trades (that I have done all the technical analysis on that I can, and that I still like). I don't have to stare at the screen for 6 hours/day that way, and can move to my other desk and do research. Of course I keep an eye on the market and on my portfolio.

Almost open for business.

Howdy!

This blog is under construction as of Saturday, October 13, 2007.

When I began trading "full time", it was a frustrating and expensive experience. Becoming a blogger now will test my patience. I'll attempt to keep things on track, but you may comment if I wander off the trail, so to speak.

I am a fan of the Trading Goddess. You'll see her link once I figure out how to put it on this blog ;)

When I began to golf, I was told the old cliche`: "Takes a day to learn; a lifetime to master".
Active trading has been a different experienct: A decade to learn; many lifetimes to master.

A.M.