Making Big Moves

Tomorrow we hear what our central banking overlords were discussing only two days before Japan dropped their stimulus bomb. Viewing said commentary in hindsight ought to be rather stimulating.

Making fresh highs is not conducive to day trading. There simply is not enough intraday rotation to make a meaningful nut. This is why you need to diversify you trader skill set. When the action is fast and you sit on the sidelines waiting for the dust to settle, you jab out scalps on the futures. When the day trade market is dead you swing trade stocks.

We are building wealth. It takes patience, logic, and a quiver full of arrows.

Just as we closed I opted into a TZA hedge.   I wanted to raise more cash into tomorrow but every time I queue up one of my positions I cannot justify selling them here. They all show promise of MOAR. My only other choice was a hedge. The Russell was chosen for its inherent weak qualities relative to the other indices.

Like any good hedge, it would be most pleasant if it simply lost money and forced me to stop out. This would assuredly be served with a side of big dicked gains elsewhere [extra SCOK]. Prepare yourself for the next level. For each milestone is a ridge to rest your weary legs and enjoy the view before envisioning your next climb.