Money management is key under these difficult trading conditions. I am still trading at reduced size and have been throughout this steep decline (since May 4th - as planned and noted in one of my May 3rd posts). Well if you do the math, between the internet problems where I lost almost one week, the reduced size, and the quality of the trades and fequency of stop outs, I'm not making the kind of money I'm used to making at day trading. I realize that this is due, in part because I am a better bull than bear. All this to say that starting tomorrow, this blog will be focused more on swing trades as opposed to day trades. I won't be updating the blog throughout the trading session as I usually do because I've decided to take on some contract work over the next few months. I will still be posting the regular technical picture and watchlist posts and I will post my swing trade charts as well.
Good Trading Everyone!
6 comments:
From what I see out there in blog world you are one of the best traders around. I wish you well and will look forward to any type of posts you put out there. If we all could do as well as you do on your lousy days we would be better off.
Glenn
Hey Glenn,
Thanks for the kind words. And I plan to keep the blogging.
Jamie,
Thanks for all the time and energy you have put into this blog. I am sure that I speak for a number of people when I say that your efforts are greatly appreciated.
Best of luck with the contract work.
Chris M.
I've enjoyed reading your blog for the last few months, and I've learned a great deal. Thanks for the analysis and keep it coming when you can!
~Kim
I echo everyone's words...good luck with the contract work and the trading.
Thanks everyone for your good wishes and your loyalty to the blog. I have every intention of keeping the blog going because I enjoy posting and interacting with readers. The blog forces me to plan and analyse my trades and consequently helps me trade better.
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