Wednesday, May 24, 2006

Strategy change

I'm looking at 2 strategies right now - day trading in the money put options with an entry around 1-1:30 pm on intraday highflyers near their session high, and an exit around 3:30-3:45. The other is a buy the close and sell the open for stocks seeing a blistering exit by traders at the end of the day. Hope your day is going well.

Tuesday, May 23, 2006


Cash is king right now for me. Haven't posted for a while. I went through a superstitious phase where whenever I didn't post I had a profitable day, hence no posts. Well, I am back to cash today once again, after riding this downdraft in cash. So nothing is preventing me from posting. I wish I could say I cashed out earlier than I did, but it was soon enough that I limited the damage done. I bought the market on Monday afternoon and re-sold it again today. For the 2nd straight day, my portfolio is worth more than it was the day before, and that is saying something considering I haven't shorted a share yet this month.

I am not a fan of leverage (which limits both my returns and my downdrafts). So I most likely won'tbe shorting regularly, but the market tone appears to have changed, and as such strategies need to change with it.