Note: I wanted to put this post on the front page and let you all know (or remind) that we have some excellent trading groups on SharePlanner that you can join for free (or even start your own). Below is the latest post from the Swing-Trading Group:
While i lost about 0.3% of my portfolio in the market today (not much at all), I came away from it feeling very irritated. Yesterday’s huge sell-off looked perfect in my opinion, and gave every sign that today would be more of the same, but, boy, was I wrong.
Apparently there was a successful EU meeting or whatever and the market responded in a favorable manner.
But as most of you know, swing-trading is not nearly as easy as it used to be. Not since the beginning of 2008. It doesn’t matter how disciplined or risk adverse you are, it will give you a good shalacking if you hold positions over night on a regular basis.
