> I'm loving this whacko market. The volatility is a daytraders heaven
We have a nice property for sale, and I'm dumping a fist-full into this market when it sells. Chart Addict may sound like a cute "handle," but I'm tellin' ya that I can sit here all day long doing this. There have been some weeks this year I've been up nearly 50 percent. Find me a mutual fund manager that can give me that kind of return in a year!
Now that I am finally overcoming my long bias, I may do even better than that. EK was a relatively small short-term short position that played out flawlessly for me. NFLX will pan out, too, though that may be a longer-term short. Mind you, I won't bet the entire ranch on it, but that stock is going to die.
The key is sitting at the monitors and working the game. Two days in on support - three days out at resistance when selling pressure begins to outdo the buying.
Man, how many books and DVDs did I buy to learn that simple lesson?
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