- I go in at higher price only when there is a train coming, that is, great momentum and you can take the ride.
- I sell at lower price only when there is a train coming, that is, great momentum and I have to get out at any price.
- Normal case, buy low and sell high, the swing trade is the way to go.
- Selling OTM short term puts when the underline is diving on the day is a great way to go, give me two layer of protections, and plus the time is on my side as well.
- If my trade is not working, need to have the steel to wait for a while for better exit.
- I lost in too many trades and now I don't trust anyone.
- These day traders on xTrends are great, they pick up small swing and go in and then get out.
- Now, it's possible for me to get out of these 3x ETFs in green, if there are just a few bounces along the way. I hope today or Monday.
- The first thing to get rid of is the TNA puts, it ties me with 12K.
Friday, January 23, 2009
Trading rules
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