More Than Usual Trading Action For Me Today
Generally every day I try to target 2-3 stocks and trade max 2-3 setups only. I do not like getting involved in multiple stocks and be distracted. Today was one of those distraction days. I made 5 trades. POT was the wrong chart to go short. It was continuously uptrending. I made the mistake of [...]
Scalping In Volatile Times
When the market is crazy and volatile with no clear direction, the best way to make money is to go scalping. Scalping invokes trying to achieve quick 20-30 cents gains and getting out. To begin the day I shorted PCX @14.47, hoping for a breakdown. However after multiple attempts it would not break below 14.40. [...]
Trading What You Know: During Volatile Times
Whenever the market has acted crazy and volatile I prefer to play only few selected stocks. Goldman Sachs and Potash are my favorite during those times. These stocks generally remain more stable and provide decent swing both ways each day. If you are nimble and quick scalper there is money to be made. The pre-market [...]