Tuesday we went 0-1 on our plays and it was in the NHL. Things have slowed up as the lines have gotten tighter. But there will still be plenty of opportunities. Like tonight there should be a number of plays. For subscribers I will send out plays 1-10 min before game time. If you wish to sign up just hit the paypal button on the upper right.
The markets are having a tough time right now and that is an understatement. The really test is going to be how the market does the 2nd half of December. If we do not get a strong end of December rally all bets are off. This is even more true now that the market is oversold going into this seasonally strong period. So keep an eye on this as its going to be about as good a measure of the market as you will ever get. My guess… a strong rally. But that means absolutely nothing:)
My idea in trading is the market creates opportunities every day. I like to sort through them and develop swing trade ideas based upon a number variables. I trade breakouts, mean reversion, pull backs and what ever else I can dream up:) But no matter what my theory for my short term trades I ALWAYS position size and obsessively manage the trades. ALWAYS is the key word here.
As most of you are aware I get up very early on trading days and scour the news along with articles that I find of interest. This morning I came across a video about the Fed and short term rates. Its only about 12 min long but is a very interesting take on the fed that would benefit you if your an active trader. Its from the Ibankcoin site which you really cannot go wrong reading some of the posts there. Not only are they informative but entertaining as well.
Not much news on the horizon this morning but of course coming up of interest…Possible government shut down and the fed raising rates. Enough to keep things interesting!
I am long 12 stocks in my portfolio and have taken my covered calls off during this seasonally strong period. In addition I have on 5 short term trades that include everything from a swing trade to a naked put sale!
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