And people wonder why they dont see me on the boards! Money can be made in the markets you just gotta tune out the noise and look at the plays for what they are, not what they could be. My first and most important rule is take profit (if there is any to be had) my new second after all the blood baths I witnessed last year is run. The Nasdaq is just fluid enough to pull 20-30% everyday of the week if you know where to look. Tired of the buzz plays and the birdies blowing up emails channels with traders. Im glad I buy slow and sell fast, sometimes watching the game is like money is the bank.
On a side note this went quick which leads me to believe some peeps dropped the ball somewhere. Dont be surprised to see a retrace back up as all the buying from earlier this week still needs a place to go. Trip stocks will drive people nuts and take big balls to run. Smart money says watch for the bounce off todays action Monday or Tuesday next week set an exit dont try and guess. People have gone quiet today funny how a 70% loss is a real buzz killer! The reality for me though is now its an interesting play buy on weakness sell on the dream.............Until next time, See you in the green.
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