Winding Down

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.