As of last nights calculations, I'm currently standing at +13.55% so far this year. I made a couple of pretty pea-brained trades in January but February was a better month. I did manage to bring in +32.7% on one trade that I only held for a few minutes and that helped, despite a tad of slippage. Then the week after, I shorted AMD at the bell for a comparatively modest 1.6% gain.
I've been waiting for the indices to confirm direction of this recent triangle breakout before I make any trades from work where I can't access my streaming charts and fast internet. I'm most inclined to start short positions considering general market sentiment and the multiple causes of it. Plus, the market seems to be torturing stocks for the smallest things right now so it seems that the rewards are better right now on this side. This is all despite the indices recent breakout of the triangle pattern at hand.
I've been watching the HotOTC.com newsletters recently and noting the correlations between the picks and the next days performance. "Big picks" that require enough research to warrant an "I'll tell you tomorrow. Be ready." in a seperate email even seem to incite larger movement than members of the three general picks. Despite the obvious illegitamacy of their endeavors, stuffy herd opinion, illiquidity of their picks, dire fundamental circumstances, etc.; there is fairly good, predictable money to be made using these services; mostly due to the immense share-buying power of ignorant get-rich-quick'ers. Of course, thats just my opinion a hora. I won't bore you with the details of how I've done it yet but "maybe i'll tell you tomorrow. Be ready."
Still funneling lots of trading and investment education media into my head via blogs, podcasts, books, futures demo accounts and newsletters daily. Probably a strange amount to the average 23 year old. Oh well, the payoff shall prevail.
Well, I guess this is long enough by now. "Maybe tomorrow." (okay okay, maybe overplayed now.)
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