I made a few good moves this morning locking in profits on a few names. My mistakes came when I decided to purchase a speculative name (CPSL) & a momentum stock (RIMM) in a broken market. Luckily for me, I had proper stops in place and did not feel the pain when the sell-off began.
I feel I am over trading, I am trying toooooo hard with broken stocks. This is a broken market, and remains one until it proves otherwise. I am done trying to catch the next move up in the MoMo and speculative names.
Bonus: Great optical illusion, give it a few seconds. Hat tip: WSF
2 comments:
Brian is correct, the market is "guilty until proven innocent."
Go buy William O'Neills book on shorting stocks. Time to build a good watchlist.
-DT
Often times the best trade is one not made. I go days w/o making a trade because conditions just "don't feel right". This is one of those times, especially with expirations on Friday.
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