I've really changed up my investing/trading approach in my trading account so I'm a bit more conservative, and it seems to be working well. I'm basically trading stocks I already hold in my long-term account, but getting in and out of them for relatively small gains, which so far are adding up.
At the risk of jinxing them (as so often happens with my Options trading, which I'm limiting to 10% of that account's value), I lightened up on [t]ELN[/t] and [t]ACAS[/t] today (actually flipped a small amoung of ACAS a couple of times), rebought [t]WPL[/t] with just one partial flip, and bought Jan 17.5 calls on [t]ADCT[/t] and Jun 5's on [t]FMT[/t], neither of which I have in my long-term account. They're specifically trades.
I missed out bad on FMT yesterday/today. Bought it yesterday, expecting to do a 20-cent flip on it, sold it at a 5-cent loss, and today it closed about $1.45 above where that happened, or just over 50%.
Getting back on-topic, I'm really liking both ACAS and WPL here, though ACAS's volatility begs to be day-traded. WPL, dunno. Volume is improving on it, but it really seems to be largely forgotten. Can reliably trade it for 40-50 cents if it's timed right (70 cents if I were actually any good) and the trade is for days rather than hours, but I guess it's going to be a while before it starts getting respect again. And I'm holding onto it in the LT account for that day. |
