tag:blogger.com,1999:blog-18657157.post3532907822580709525..comments2024-02-10T02:17:57.075-08:00Comments on b z b t r a d e r: Monday, Mondaybzbtraderhttp://www.blogger.com/profile/11607843481812042367noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-18657157.post-57921481562120629662008-10-14T09:22:00.000-07:002008-10-14T09:22:00.000-07:00My gut tell's me that this is a great environment ...My gut tell's me that this is a great environment to day trade in. I am watching things much more more closly than I normally do because of how insane this is. Right now I am mostly cash, (92% as of right now) today I started premature, put positions on Morgan Stanley and C, I closed em out yesterday morning at a massive profit. My positions are long term like 12 months. There is so much uncertainty leading to volatility I cannot figure this market out. I think the market is gonna capitulate and there are gonna be trades with a lot of money out there but is it worth the risk I can assess. How long will it take MS to burn through this cash. Part of my rambling is I cannot figure this market out. At the bottom line I have gotten lucky with a couple of huge trades that have netted massive profits, and avoided some blow up's by taking my money and running. I really have been looking on candlestick charting and fib's in this environment, versus RSI and others. Sorry for the rambling...GS751https://www.blogger.com/profile/12104712741442133837noreply@blogger.comtag:blogger.com,1999:blog-18657157.post-13434475067719288912008-10-14T09:11:00.000-07:002008-10-14T09:11:00.000-07:00George,I think there's more to it than that. A lo...George,<BR/>I think there's more to it than that. A lot of good traders that I know have lost a lot of money in the past few months. These are traders with years of experience, who haven't had a losing year in the past 5, but whose accounts are now hurting. Technical analysis has been only marginally reliable for the past few months, and those who trade on a swing basis have learned some painful lessons if on the wrong side of momentum. The trick is to adapt (quickly) to changing market conditions . . the problem is no one has ever seen a market like this before, so many traders' game plans have proven ineffective. I'm sticking with day trading to manage risk exposure.bzbtraderhttps://www.blogger.com/profile/11607843481812042367noreply@blogger.comtag:blogger.com,1999:blog-18657157.post-4885842822702115302008-10-14T08:35:00.000-07:002008-10-14T08:35:00.000-07:00I think that if anybody is not learning anything f...I think that if anybody is not learning anything from these markets they need to stop trading lmao.GS751https://www.blogger.com/profile/12104712741442133837noreply@blogger.com