I’m currently reading Murphy’s textbook on Technical Analysis of the Financial Markets. If I were a day trader, I would really enjoy the SPY setup we had today. Although I’m still learning, it looks as if the SPY today showed signs of textbook H&S trend reversals. If only I were a day trader… well maybe not. I see how hard Bubs has it. I couldn’t stomach that … yet. Tomorrow’s another day!
When things are rough daytrading is not fun, but when your on a nice roll nothing is better.
Comment by Bubs — Thursday, December 13, 2007 @ 7:05 am
Yeah I’ve noticed from your blog. Looks like you closed things out pretty well toward the end of the year though. Have a great rest of the year off sir!
Comment by Jorge — Thursday, December 13, 2007 @ 7:19 am
Thanks Jorge, I’m shutting it down for the year. Most people have said its a accomplishment that I’m up a little after my first year of daytrading but I expected better results.
I can’t wait to start trading fresh in 08. I’m going to spend the next two weeks to work on a few things. Going to be looking over each and every trade so next year will start out with a bang.
Comment by Bubs — Thursday, December 13, 2007 @ 6:06 pm
It is. Most folks don’t break even let alone make any sort of profit their first year day trading. Once you refine some of your rules I’m sure you’ll be set. That’s the problem with all of us newer investors though. I know I have rule issues constantly. It’s always good to start back at zero. Have fun running the store over there and have a great rest to your holiday season!
Comment by Jorge — Friday, December 14, 2007 @ 7:00 am