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Re: peteypickem post# 45389

Friday, 10/07/2016 2:43:36 PM

Friday, October 07, 2016 2:43:36 PM

Post# of 47295
All"s fine, just spending time on other interests. Doesn't seem to have interest at the board to learn trading now days. Hardly any questions on trading or setting up a trading style or business plan.

Still check the board for questions, haven't had any. And my portfolio hasn't been changing much lately. Just working my business plan and only swing trading 40% of portfolio, on 2 week cycles this Q. Thus my market life has been rather mechanical & boring. Not full of TIP when I'm very active searching for new trades frequently.

Matter of fact, the last OTC stock I had interest in was 2 months ago. And the small caps area has been rather weak. One could just trade the Russell 2000 and make out as well as stock picking there. Still jump to FAS/FAZ when the S&P fluxes; which may be in the cards soon.

So basically all I do is go to work every two weeks, and check the board for questions, if someone is looking for a mentor. I have noticed your still holding your own with your picks. But will note a negative flavor to the $RUT the past 2 weeks. So I'd say caution with any under $5 stocks held. There is a mid term flag pattern, but a descending triangle short term right now.

If 1210 @ $RUT or 2120 @ the S&P are broken. Time for the side lines, other then ones dividend holding; and some FAS/FAZ trading for a month or two.

IMO the market is in a decision point. The S&P has a pennant pattern. Better then the Russell 2000 with a flag/descending triangle. But both have negative trend, technical indicators. So I'm watching for the possible break south @ the S&P, to jump out of 2 week Mid cap swings, into FAZ quickly.

Welcome to my mind!

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