Tomorrow (Friday May 3rd), we might have reached the top of the roller coaster track, and possibly in next few weeks be going for a wild ride down, woohoo ... put your hands up.
Friday Feb.19.2016 Closed off the week with all indexes near a short time high, also some of the stocks on my watchlist also reached a high point ripe for shorting. As I mentioned in my previous post all markets did go higher. Having said that, I have now entered into many more short positions, which may take 3 weeks to a few months to play out.
As I've observed yesterday, seems like markets want to move higher, after Janet Yellen spoke...but markets are reluctant. "Possibly" may take another week...before I can get back into some shorts on tickers, I sold out on. No choice, need to "sit on hands and wait"
Gonna keep a close eye, on the next few days, might be small bounce on daily charts. Need to get back into a few positions LB and NTES. Let's see if it will play out.
Markets starting to "break down" after weeks of upward pressure, some company shorts are working out: MCD (down), LB (down), INTC (down), NVDA (down). Next 3 weeks is gonna get painful again....VIX spiking as well.
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BowlesTrader5 Feb 05, 16 2:31 PM
Remember that the markets are bouncing right now, very choppy and still deciding where they want to go, i haven't even traded all week since there was no "amazing" trades that I came across, sometimes no trade is the best trade
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ramster2k16 Feb 05, 16 3:03 PM
^^^ amazing advice. Please do not hop into any trades, nor fall in love with them. For instance, on Wednesday for EYEG , you just kept the stock for whatevr reason hoping it would come up. please ride moves that are in play and ride the wave as Tim teaches. Surf the move and get in and out. focus. disciplined and patient. Goodluck
bishwish Feb 05, 16 4:03 PM
Thank you @Keldakel , @Patience_Trader , @TraderH , @DasBrain , @BowlesTrader5 , @ramster2k16 . Valuable feedback. Infact I used them today. Guess what ended the week with a profit of $80.00. VHC towards the end picked up, entered at 6.9 and exited at 7.35 :) Cheers!
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Received 6 Karmas
DasBrain Feb 05, 16 1:35 PM
Nice to see, your trades are working out well, keep it up...thumbs up
kmartindra Feb 05, 16 6:04 PM
Man, seen you killing it all day. Congrats!
AirplaneJane Feb 05, 16 8:09 PM
Thank you @DasBrain and @kmartindra
alanger Apr 28, 16 4:41 AM
Hi Jane! It's great to read through your journey.I'm a stay at mom like you and just started learning this month..Long way to go!
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Crazy week, markets rising until today after Fed (FOMC) announce no rate hike. Down today, not sure if remaining of week will rise... though seems to be losing momentum. Already in with new short positions, let's see how this pans out.
Markets continuing to fall, this may go on until end of Jan.2016...nuts.
Markets collapse today...it was a good day for my shorts.
Oops, I meant March 3rd, not May...sorry.
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