Thursday, September 10, 2009

AIG daytrade

My apologies for the terrible image, but I just separated my swing trading and day trading by getting a proper account for daytrading and thought I would post a modified screen shot.

The image is a 1 min chart of today's triple move up in AIG. After consolidating nicely it makes a great move at 10:37 and 10:51 w solid volume. I always try never to step onto quickly moving trains and wait for them to slow down. This allows one to set a very obvious stop if things turn the wrong way.

I am always on the lookout for new daytrading vehicles that set up well so if you know of any, please let me know...

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July 11 - GLD sucks

stopped out of GLD yesterday for -25%.  Holding off on reentry and maybe will enter if we drop another level. SPY on the other hand is crus...