Tom- thanks for those comments, that really was a nice pat on the back and I appreciate it! Im also glad you didnt mention how once every few months I wake up on the wrong side of the bed and walk around for a few days with a bad temper/attitude but we will just let that slide, right? :)
Shark- I think its going to be one helluva an interesting week and im glad to be heading back to my fulltime job on Monday.. Getting the market information in 1/2 hour increments is alot more tolerable than watching it all day.. When Im home I daytrade, which risks bringing the demon out in me and helps me loss 50% of my account balance because I was wrong about a trade and lost my temper :)
Position trading is 99% of what I do, but it sorta still has the trading twist since I dont hold past what I consider a visible future- say 3-5 days.. Actually the only day trading I will do now is when there is a huge gap up or down, and I can take a huge position, set a stop very tight to keep the loses down, and its either a 5-10% loss or a 20-30% gain.. NVDA would be a perfect example because 69-72 is pretty much the line in the sand so you could easily scalp a few points with a stop near those levels.. of course, never holding into the next day is another key point.. Its always a battle for me fighting the urge to gamble/loss my temper, but there are times where its silly not to put in a trade and try to make an above avarage 'hit'
I think once the reality sets in regarding just how bad these numbers are going to start looking we will see a temporary bottom and thats where ill hopefully pickup my AMD, JDSU, CORV.. but I still think we need that Cisco warning to really get rid of these 'femster' types once and for all.. |
