If you didn’t make money in 2009, then that’s too bad cause it’s pretty much over now. Better make your plan for 2010 real soon. It’s time to wind down and preserve your gains for the year. Don’t be the idiot that loses it all at the end of the year because you want to “boost your YTD returns”. Sorry bud, better luck next year. My position sizing usually reduces to 5% standard during Decembers simply because I don’t feel like screwing up. An end-of-the- year killing would be great, but mentally, I am already thinking about 2010 and what I can hit in January. I like to think ahead like that.
We had a doji day yesterday and I expect more of that action. Doji days are great for initiating swing positions, but terrible for day trading, especially during the holiday season. The volume simply isn’t there, but that doesn’t mean that I won’t try out and test out trades. You never know what will come to you. I see a mix of small cap dollar stocks and higher priced volatile stocks still in play, but again, be cautious of the illiquidity.
I am reviewing all of my posts for the entire year (there are 254 in total) so it’ll take me a while to compile a year-end review. For now though, feel free to leave a comment on what you would like to see more from me, what I could have changed and made things better, and anything else you want to write. I read everyone’s comments, even though I may not be able to reply to them all, so leave your thoughts (and trades, of course). Thanks.
If you enjoy the content at iBankCoin, please follow us on Twitter
I would like to hear more about the setup than just seeing the chart. What your toughs are/were when you establishing long position, what inflection the Tick And Vix had. How u organize your sub-sector charts. And also if u have any toughs about non linear correlations between major sectors and sub sectors
Thx 4 a great blog and a tremendous education source!
Comp looks extended. I think we close that gap. right where your orange line is .
http://screencast.com/t/OTE3ODg4MDM
Bought $OSIS 26.92/27.00
Bought $CGEN 4.93
Sold half OSIS 27.13/17, half $CGEN 5.09
Sold other halves $OSIS 27.42/43, $CGEN 5.12
ATHX
CGEN again
OSIS break out
IPSU
SEED
Sweet fancy Moses!
FEED
ETRM running
Would love to see more advice around entries and exits, using your blank box method. Volume advice would be good to see in a more standardized, digestable format so I can apply it to a trading methodology — as it applies to your blank box method. Do you use Wyckoff methods? Been reading your blog for two years now and you’re kicking ass. Keep up the good work!
KERX
SEED headed higher!
I would love to hear more about swing trading as I am trading mutual funds and have to stay in for at least a day.
GMCR, short
Would you be willing to share your trading-related goals for 2010?
Did you make any trades this week other than the ones you tweeted?
IDN
PIP bouncing
Short OSIS @ 27.45
I learned the most from the trades you posted that included good/solid explanation of why you put the trade on and how. The trade reviews were cool too, great for learning. thanks CA! have a happy nye
NVLT imminent 2ndary breakout
CNW, short