The Daily Dose of Trading Comments

Here you'll find short quips concerning the market mood and direction posted intra-day as the market dictates and time allows. You can find TATs strategy here. Comments here are from a trader who trades for a living.

You can add comments by clicking on the comments link below any posting.

Friday, May 20, 2005

Still having a hard time finding trades I like at prices I want to engage them at. So far the market is doing what we expected but we haven't been able to get any intraday trades going despite that. Patience as lost opportunity is a lot better than lost money.

The weakness we are seeing today is that healthy type backing and filling you expect. Each day this week we have seen strong finishes and I'm not sure that today will be any different. The question is whether they will sell them down enough to make a bounce into the close feasible. I'm reviewing existing positions and recently sold positions to consider adds/re-entries.

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home