Thanks for sharing your thoughts, BC. I also have to deal with the issue of time - I schedule a few time blocks during the week when I can watch the markets, but when I'm busy working, the markets do not exist. That's life. And that's why I stick to liquid stocks and Index ETF's - it's easier to use stops.
My real challenge is not so much short term trading, as managing retirement funds. If the former is aerobic exercise, the latter is like running a Marathon... -g. This year, for example, I did 2 things right - didn't get scared out of my Oil and Gas holdings last April - May, and then again, during the recent October mini-crash. I did trade them short term, trying to minimize the unavoidable damage, but came out from both lows with larger positions. Hope that continues...
I have been easing away from the really short term stuff, and will probably continue to do so. Intraday action is often too intense and consuming..... and life -- well... as MC would say, Ars longa, vita brevis est... -g |
