The Daily Dose of Trading Comments

Today promises to be a slow and potentially choppy day. With yesterday's late day strength we have a good chance of upside follow through now. The desire, a as a trader, is to pick your spots and capitalize when the getting is good. The rest of the time it's about waiting. Livermore used to say something along the lines that he made most of his money sitting not doing. The longer I play this game the more I begin to understand his thought process. If you ever get a chance to read Reminisces of a Stock Operator, you'll find it wonderfully fill of many such thoughts. I'm reading it again now for the third time.

I'll be looking most from the long side today although a reader did inquire about a short on PMCS last night and that one looks appealing.