Archive for March, 2007

Play two sides

Thursday, March 15th, 2007

Survival and success in this market is all about flexibility and risk control.
No overnight positions–too risky.

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keeping risk exposure under tight control

Wednesday, March 14th, 2007

I have been trading both sides…very cautiously.
By trading cautiously and keeping risk exposure under tight control, we live to trade another day.
Let the other guy fish for the bottom first.
You can usually spot the lead guy in the charge: he is the one laying on the ground with lots of arrows in his chest.
Just trade ‘em.

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Continue Caution

Friday, March 2nd, 2007

It has been quite a week. The most volatility in a long time—mostly to the downside.
Stocks look oversold, short term, but downside momentum is too forceful to fight. Oversold sometimes gets even more oversold.
At some point, there will be a good bounce, but timing that right will be the challenge.
For the week ahead, I am willing to play both sides for the short intraday swings, of which there could be several in a day.
Play, but play very cautiously. And with tight stops.
I am NOT willing to take ANY overnight risk at this time. I don’t need the kinds of opening gaps we have been seeing going against me.
I go home flat, and I sleep like a baby.
Have a good weekend.

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