Dec 18, 2007

No trades till next year?

I don't know... the action the last couple of days tells me I should just wait till the beginning of the year to trade again. I really don't like wasting time following a bunch of duds that go nowhere. Plus, it's not like volume's gonna pick up during the holidays.

7 comments:

bl said...

nr7,
I get distracted from my short scan premkt/open as the day wears on as if there are better trades somewhere else: aciw 3,5/15 star 2,16/15 psys 6/15. Longs: psec emkr kwk dwa drsys cha cmg dlr. Traded aciw 3/15 psys 5/15 for latte. Need to work on my exits alot more. I get ansee or I might not feel comfortable with gaps yet, or shorts. TraderX did say that he had noticed a change in the gap plays. Maybe the market being toppy or volitility. Group action has been pretty wild: the solars, shippers, brokers pivoted with SPY at 12 est...like everlything else! Yea, I hate going for breakeven trades.

Anonymous said...

bl,

Where did you read this comment from X ?

bl said...

In the last month or so of his blogging as I recall.

bl said...

nr7,
Fri am: MS reports loss, 1" chart 5/13 ema trades up a bit reverses, reverses, reverses, reverses for 5-6 pts. Put them along side the other brokers, $xbd and SPY. Do the same for solars, shippers, airlines, or beta, high rsi groups. Quite amazing! I'm leaning that way at the moment and it's a bitch to break old habits.

bl said...

Elder said in non gap trading trade the extremes, the pivot points. O'Niel said trade the strong groups: look at the market, the groups, the stocks in that order as 80% of stocks go with the mkt. I remember one trader said he trades the first hr and that it. I believe it. I'm venting my own frustration here. A beautiful day and Merry xmas.

Hammer Trader said...

Merry Christmas and Happy new year.

OONR7 said...

thanks hammer... same to you. I hope to have a 'year-in-review' and '2008 goals' up within the next couple of weeks.