Tag Archives: psychology

(Looking to) Add to Short

I know that I said I really prefer to make my purchases at the end of the day, but this midday ‘rally’ is really tempting me to add to my $IWM short.  Question: why would this consolidation be any different … Continue reading

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Yes, I Went Short Today

As noted on StockTwits, I closed my speculative Oct 29 call position in $SLV position prior to the close for a very nice gain (selling at an average of 3.47 from 2.75 for a 26% gain in 2 days).  I … Continue reading

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Here We Go Again

As I peruse the Stocktwits stream this morning, I am mildly amused by the number of people who seem to be anxious to declare the validity of this “rally”.  If this describes your mind set…I’m warning you: there is a … Continue reading

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So…Now What?

I’m not one for making prognostications about where the market is headed, therefore I have a hard time saying that we, at the very least, will retest the lows from August (nothing in the stock market is a foregone conclusion)…but … Continue reading

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Why Fight It?

Since early August, the ‘easier’ trade has been shorting the pops.  The setups have been what I would consider “highly reliable”.  Repeatedly, the market has rallied, sucked people into the rally, stalled for a period of 2-3 days, then dropped.  … Continue reading

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Today at the Stock Exchange

Let’s take a peek at the updated chart of $QQQ that I first posted last night. The 57 area that I identified on the chart probably holds some significance, no?  I like round numbers.  In honor of keeping things simple, … Continue reading

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Trade Rationale: $QQQ

I mentioned last Wednesday night about how I felt the market was reaching a short term point of inflection.  Yes, I use a few technical indicators…but as with most of my trading decisions, it’s more of a ‘feel’ than a … Continue reading

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