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.

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Friday, September 30, 2005

Today being a sluggish day provided me the time to get my latest Naked Trades article out. Seems as if there's never enough time in the day anymore so I'm glad to have finally penciled my thoughts down. I find that writing these pieces allows me to work through the charts and consider whether my thoughts going in jive with the set of technical indicators I watch. Not always but many times in confirms my thoughts. In fact, one of the hardest things I find to do is to stick with my projections. Many times you can get caught up in the day to day ups and down that you end up painting yourself into a corner. Man, have I done that before. After you do it, you kind of take a deep breath and say, how the heck did I do that. Then you quietly curse a bit and start considering how to extract yourself from the mess you created.

They did put on a late push to end the day and to make my weekend a bit less comfortable. The late push takes us very close to areas where, if they continue northward, I would have to start considering if I'm wrong or right short term. It comes at an appropriate time though, because next week brings the final quarter into focus, lots of Eco data and a chance to see if the trades made these last couple of days were long term or window dressing.

Have a good evening and a great weekend. Will see you next week.

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