Journal of my thoughts and trades on the path towards achieving a consistent monthly income from day trading!
Tuesday, July 13, 2010
Powerful markets...
The markets gapped up this morning and are looking more powerful than ever. Although I still believe that this is merely a bear market rally I know that the markets can rally for longer and further than I can ever anticipate. Therefore, if by day's end I do not see a reversal and sharp sell off in the markets and individual stocks including the ones I am holding then I will exit all my positions for small manageable losses!
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MY DAY TRADING RULES
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Although the markets and ROVI are currently pulling back, my years of trading experience tell me that this is a natural normal process. The ...
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