My Blog mostly about daytrading the US Markets....
hey bassi:what do you think about the market..why is it giving so few setup..for the last 8-9 months??
Don't know for sure. Maybe there are more setups but I am being overly cautious. The gapping stocks are not tending to follow thru as much as they used to.Maybe this is 'normal' behaviour and the first two years when I started was the exception to the rule ?
trader am,I appreciate your blog and your setups.Just wondering if your % would be higher if you came up to b/e after stock moves in favor.This is age old question but for me,it's daytrading so I'm outta there and on to next one.Again,just curious and thanx for blog.
"came to b/e after stock moves in favor" When would you determine stock has moved in your favour ? 3c, 5c , 10c ?
I had 10 stocks >+10%, 5>-10% eod, not all gaps, mostly nasdaq from my WL of 1950. A commodity only WL(or ore/steel/coal/rails, or bio, or bank, or oil only) might be beneficial. Why? group rotation, or best of group: clf,x,teva,ntrs,oii. The steels/rails rallied from the open: x clf pcp vmi ati schn nue unp nsc csx. The idea here is focus... whether sector, group, stock, or gap stock. I'm always thinksing how to be more exacting in my strategy.
or just trade one stock like BRK/B
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