Thursday, October 22, 2009

Easy come

Well, that was fast. I got out
BAC at 16.38, +0.47 cents.
FAZ at 18.6, -0.30 cents.

Still holding TZA and SRS

Today's action caught me by surprise. You just can't relax in this market. I think so many people got burned shorting this market in the past few months, they are all very jittery and cover at the slightest sign of strength. Calling top is hard work, I would've been better off day trading this market instead. If I get stopped out of the rest of my swing positions, that will be the end of my swinging experiment for a while. Daytrading is where I am most comfortable. The big slack you'd have to give to swing positions is very hard for me to do.

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