short TNA after selling the long, add size almost get stopped out, but cover for a decent trade.TZA making new lows.....so I buy it!
remember this is an art and not a science
sell TZA pop
i'll wait on the sidelines for now until some market direction shows
6 comments:
TZA - what prompted the close? Crazy not too? Lack of market commitment?
weak market, other shit was going counter this trade
You prob. didn't know it was another FOMC day.
You prob. didn't know ABK is going bankrupt (amazing it didn't happen sooner), but it popped up on your radar and you took the trade. The only thing you missed today was NFLX!
If you were working for a trading firm you'd be one of the few traders they kept. One in ten who were consistently profitable kept their jobs. Everyone else has been replaced by an algorithm.
Your approach still gives me hope, but the endless see-saw has me completely disinterested in trading for most of the year. I feel like its a complete dice roll and I don't have the money to throw away on chance and no edge.
as ever i didn't know it was a fed day. what good is that going to do for me? will i trade thinking that i know what they will do? No, i will do as I always do and go with whatever side is the winning side.
i've never traded ABK
i have been trading NFLX like a fiend lately and today was no different, i just didn't post it.i didn't the first run up as i was still sleeping.
don't give up hope! there are still plenty of trades like ITT for example that say "hey, here I am"
you don't need to trade the most volatile just pick and choose as it relates to your account size and personality.
trading is a complete roll of the dice because I never am sure of the outcome. I know i say that a lot , but i do not know for certain the outcome. but i do know that probabilities manifest themselves time after time and THE UNWAVERING APPLICATION OF MY SYSTEM is what makes the trade a success or not. the signals are there for everyone to see. whether a trader chooses to see them for what they are or choose to ignore them or choose to alter them to fit their irrelevant expectations is up to them.
Scott - I know I sound like a broken record, but I read your material and I just love it. Here is some guy up in the Canadian boondocks trading the sap out of all these stocks and wringing Wallstreet of all its precious cash.
And then you have the audacity and goodwill to tell the simple truth about it.
Sometimes I read, and I just have to laugh inside. You are an inspiration. Keep up the good work. Keep up the good example. Keep up the pillaging!
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