Friday, January 7, 2011

No more momentum trading.

Nothing much happened to me in today's trading, except getting whipsawed in CYBR. 1% gain vs 24% gain in 1 day differential. Wow, I really suck at this. Day/Momentum trading feels like I'm buying impulsively. Going back to my usual trading.

Congrats to those who can profit from day trading!~

Anyway, I am positive that mining would start moving by next week(including my position in ORE as its ROC just got positive today). I'm going to let it hit my stop.

AP done with the final accelerated intraday drop today? I hope so, so it could finally start moving back up again.

I'm going to look for possible trades once I exit ORE(alive) this weekend. I am also going to test a lot of things on Metastock as I have finally got the data I needed(backing up to 1999).

Looks like its going to be a busy weekend.