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Well it appears that our buy signal didn't last long and we have a sell
signal for Monday. This signal is one that we call a signal against our
intermediate term signal, but we still follow it. Now we haven't completed
work on what our actions will be tomorrow, like selling on the open, selling
an hour into the day, selling on the close, etc. because we're busy with
Mother's Day and won't get to that until later.
It appears that our current trade will be a loser, depending upon tonight's
action and tomorrow's open. It's currently behind 6 points or $300 a
contract.
Our equity trade is also behind, but when you consider how much stock we're
carrying, we came back quite nicely. Actually this trade was in the black
on Friday before the sell off. Again, we have to look at strategy here. If
I have time tonight, I'll post what we're planning on doing, otherwise I
post tomorrow after the fact, since I have to go into the office tomorrow.
I knew I shouldn't have gone back to work because it interferes with our
other activities. I got greedy when they offered me almost 3% of the
company at $.10 a share. Now that I see the impact on our trading, I've
told them I would prefer to quit but they have requested that I stay on
halftime, only going in 2 mornings and working the other 10 hours at home.
I'll see how that goes before making a final decision. They also want me to
keep my shares, so maybe this will still pay off.
Guy
Paranoia...you only have to be right once to make it all worthwhile!
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