New MP3 link

I have created a new mp3 file that goes into the concepts I use about abundance, acceptance and application. There are so many opportunities in the markets if you are willing to get into the market flow and not have expectations or any pre conceived notions about what a stock may do.

In this mp3 I have tried to present it in a form that uses relaxation and meditation techniques. Concepts like this have benefited me immensely. They help me get into a zone of 100% concentration. You have seen the results. So give it a chance to work for you too.

Find a place and time that is quiet and comfortable as this file is about 18 minutes in length. You can download it here, free. Enjoy...

http://www.badongo.com/audio/23127330

Safety

Down at these levels of the past flash crash it is safer to take profits and wait and see what happens

TNA short

TNA cover

CF short

CF cover

CNX short

CNX cover

Conviction

I always am open to learning new things so I thought I'd try to hold something a little longer than usual and see how it goes.

In looking for a new blog look I cruised through many other trading blogs and was struck by the fact that the vast majority believed that we are due for a bounce because we are in way oversold territory. Well I don't have expectations about what will happen next, but I thought the idea of a bounce when the sheer ferocity of downward motion when the markets fall lately must be scary for the average down dip buyers.

So with this conviction in mind I resolved to trade against these people by buying VXX and holding it today until I either got stopped out or a clear signal says sell it.

I learned or confirmed several things:

1. Having expectations affects your judgments.

2. It goes against the best principals of momentum day trading not to take profits when my gut tells me to.

3. I might make less money because I am not churning through fresh opportunities and momentum.

4. How in the hell does anyone swing or position trade? The risk and opportunity to get emotionally beaten up is way to high.

Anyway I had to sell and go back to my normal operating procedure to get back into my zone.

VXX was a nice winner though.

CNX double top

CNX short. It was rising to the double top while most all other energy stocks were falling. Probability said short it.

It was right...

cover CNX taking profits

Cut them fast

Keep unprofitable trades small.

Never under any circumstances add to them. Ever.

VECO short

VECO stopped out

SU from the top

Straight probability play. Doji usually means change of direction between buyers and seller.

Took it short...

Covered SU, taking profits

TNA pays off

TNA short

Doubled TNA size on the bump up waiting until momo upward was slowing

cover TNA , taking profit