Knight, other than ADCT, I have not had a good week either. Hang in there. I am certainly going to continue to look for significant pullbacks and changes in Market sentiment before going long in a big way. I short sparingly but am tracking a couple like NVLS and EMLX and maybe BRCD.
My expertise is not really scalping or daytrading, but swing/intermediate trades like EMLX and AMCC at $11-12 in early April or KOPN at $6-7, BVSN at $4, ADCT in the mid-$7's, etc. I really need to limit myself to going long when sentiment is too negative and stocks too compelling. Right now, clearly undervalued stocks are much harder to find. Patience,.no point forcing anything. Even shorting can be tough in this environment unless you have the guts (stupidity?) to hold overnight or weather the mini-runs during the day. Solid trend days up and downs are few and far between. Most days are choppy and stocks manipulated to freak you out. About 5% of traders do great, I suspect.
I think we all need to figure out where our extertise lies or what strategy has yielded us the best returns in the past. Sometimes looking at the screen every minute and daytrading is not the answer, ya know? |
