Wake me up when it's over!
Pssst! Wake me up when this year is done so we can start trading again. Other than the big drop on Tuesday, this market's been a sleeper and today was no better. With but a day left in the books, I don't expect any fireworks until the new year begins so ... wake me up when it's over as I'm pretty much done for the year.
In all seriousness, there's not much to say about today's market action. It's hard to make any sense of anything here and I've continued to pack it in and wait. Other than my boredom trade that cost me a bit earlier today, I've tried to control myself and not do anything too stupid. There's just nothing to do here and we really need to wait for something a little more interesting to happen ... like the new year. I'm taking tomorrow off with writing to this log although I will look at any stock you are interested in over on Smart Charts. I'll be back with a preview sometime Sunday for the coming year. I've already laid out my thoughts in general in Naked Trades and of course, I'll keep posting a chart of the day where I line up one pick that makes a lot of sense. Since starting that service this week I've given you 3 picks ... all of which still make sense and which I'm involved in (I did cash out of CAT this morning for some small profits but am looking to re-enter short). I try to provide a pick that will make money and that I'm either in or wanting to enter. I welcome your comments on those stocks where I've made it easy to post comments as your read. You can ask additional questions or simply chime in.
Lastly, let me say that now having published here for some 4+ years, we have made a lot of good returns and trades over those years. There have been the expected ups and downs. That's the market. The site has undergone some changes as I continue to look for that content that excites and rewards. It's continued to be rewarding for me as writing and explaining keeps me sharp. I know from feedback from some of you that it has been rewarding as well. There are times where the hecklers are a bit of a pain when things are going bad, but for the most part the reader base continues to grow and with these new services I've added, I believe we are starting to hit on something that is somewhat unique and valuable. I continue to ask for your participation and feedback and, of course your support. If each of you could tell one or two friends about us, that in and of itself will help. Of course, if you want to write off an expense going into the end of year for your trading gains, you can donate here assuming that you continue to find this site and what it has to offer valuable. I leave that up to you.
Have a happy and prosperous and healthy new year. My best wishes are to you and yours and I look forward to another year of writing and teaching and, of course, adding to our pocket book. This year marks the 4th consectutive year of double digit gains and more importantly, of successful trading where success has and continues to be defined as (1) positive returns, (2) keeping drawdowns to a minimum, and (3) outperforming the average of the averages. Peace be with you and good night!
In all seriousness, there's not much to say about today's market action. It's hard to make any sense of anything here and I've continued to pack it in and wait. Other than my boredom trade that cost me a bit earlier today, I've tried to control myself and not do anything too stupid. There's just nothing to do here and we really need to wait for something a little more interesting to happen ... like the new year. I'm taking tomorrow off with writing to this log although I will look at any stock you are interested in over on Smart Charts. I'll be back with a preview sometime Sunday for the coming year. I've already laid out my thoughts in general in Naked Trades and of course, I'll keep posting a chart of the day where I line up one pick that makes a lot of sense. Since starting that service this week I've given you 3 picks ... all of which still make sense and which I'm involved in (I did cash out of CAT this morning for some small profits but am looking to re-enter short). I try to provide a pick that will make money and that I'm either in or wanting to enter. I welcome your comments on those stocks where I've made it easy to post comments as your read. You can ask additional questions or simply chime in.
Lastly, let me say that now having published here for some 4+ years, we have made a lot of good returns and trades over those years. There have been the expected ups and downs. That's the market. The site has undergone some changes as I continue to look for that content that excites and rewards. It's continued to be rewarding for me as writing and explaining keeps me sharp. I know from feedback from some of you that it has been rewarding as well. There are times where the hecklers are a bit of a pain when things are going bad, but for the most part the reader base continues to grow and with these new services I've added, I believe we are starting to hit on something that is somewhat unique and valuable. I continue to ask for your participation and feedback and, of course your support. If each of you could tell one or two friends about us, that in and of itself will help. Of course, if you want to write off an expense going into the end of year for your trading gains, you can donate here assuming that you continue to find this site and what it has to offer valuable. I leave that up to you.
Have a happy and prosperous and healthy new year. My best wishes are to you and yours and I look forward to another year of writing and teaching and, of course, adding to our pocket book. This year marks the 4th consectutive year of double digit gains and more importantly, of successful trading where success has and continues to be defined as (1) positive returns, (2) keeping drawdowns to a minimum, and (3) outperforming the average of the averages. Peace be with you and good night!
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