|
PureBytes Links
Trading Reference Links
|
When trading my favorite names, it appears that the range of possible points
is too narrow to make a good buck. The shorts don't drop far enough before
hitting some totally unimaginable support and the longs barely break
resistance before collapsing. And since I don't nearly buy enough bottoms
and sell enough tops it's hard to live through a one day reversal in a
position trade without wanting to bail because of the implied risk. Unless
you're perfect on your stock selection for that day it's hard to be a
one-day position trader, however. from the standpoint of daytrading it's
probably a pretty decent scalpers market. The mind of the market is
willing but the body is not there. I would feel better with a nice Dow 1000
pt shakeout.
Russ
|