ST Trading:
Looks to me like AMAT is about in the middle of the rising channel it's been in since the January low. Semis are ignoring the general market downdraft. That AMAT channel is now in about the 42-45 area. I've got an order to go long at 42, I may up that to 42.5 or 43 if I don't get it in the next few days. Out at 45. Repeat, repeat, repeat.
I've been posting my trades in realtime, buy not the actual $ gains. This channel-trading is going really, really well. With my AMAT and TXN trading, I made 46K in January, while using about 350K in capital. Covered my CMH short at 16, about even on that one. I'm thinking that I'll go back to all long and longterm, gradually this year. That is, I'll slowly decrease the aggressiveness I use when selling the rallies, incrementally holding on to more of what I buy on the dips. I'm already doing this, as I sold less on this current rally, than I did on the rallies after the 12/00 and 4/01 dips. ST and short is still working, but I think BuyAndHold start working again sometime this year. |
