First day paper-trading a new month. It was nearly 2:00 pm before I could get involved because of day-job duties. When I come in late, I always feel at a disadvantage. There is a certain "feel" one gets for the market after watching and it generally takes me awhile to get that feel. Today, on a nice up day in the markets, my favorite trading vehicles, SKF and GS, were making some moves I could comfortably play. Despite my goal to follow the momentum and ride along with the trend. I found myself going to the old favorite, playing reversals. I have tried to develop some patience when scaling in on multi-trade positions, holding out for better prices based on short-term market emotion/sentiment. When I have profits, I take them quickly; especially on a day where all the action is in one direction opposite of my trade. At least recently, it seems to be working. I had no losing positions today, although I did have a couple of my scale-in trades not go positive gain. Overall, a satisfactory day.I haven't mentioned it lately but I love trading. The charts, the blogs, watching CNBC, business and the economy in general. It's all still a thrill.
-
I feel blessed to be an American citizen. There's no doubt in my mind that the United States of America is the finest social/government experiment ever created by human-kind; created based on the rule of law, individual liberty and individual responsibility. Everyone pulls their weight and no one rides for free. Let's try to keep America strong... every gain in the power of government is a step away from what the founders of this great country had in mind. True social justice means equal opportunity, equal access. What the individual gets in life, that is to say where an individual ends up on the socio-ecomomic ladder, is up to her/him. Success or failure is not the responsibility of others. It is up to the one looking in the mirror. You have the right to try, not a guaranteed result. The very fact that you draw a breath does not entitle you to what is earned by another. It is immoral and unethical to do so, despite what any law or policy may allow.
-
One must believe in charity and helping their fellow man. It is the absolute pinnacle of humanity to serve others and to assist in the plight of others. But it must be individual choice to do so. It should never be forced at the barrel of a gun; literally or proverbally. That is madness. In a free society, one must be allowed their greed as well as their selflessness.
-
10 for 12; an 83% success rate. Gain of $1.24 per share.
