I won’t be taking any trades, most likely, today. I sold my GOOG position this morning, which was dumb. I avoided making $500 so that I could make $50. Not the sign of a good trader, but thankfully the website name matches.
Today was good for me. I haven’t been fighting trends like I have in the past. I think that it’s a function of remembeing what’s expected to happen. Though I was way off with my initial DJI prediction for the close of the market, it didn’t seem to bite me in the backside.
It’s always a bet when it comes to GOOG. That’s why I like and hate to play GOOG options. I’ve actually been on the wrong side of a GOOG option and lost more money than a teenager at the Bunny Ranch. So this time, I’ll keep a quick stop and hope that GOOG goes with me.
The market dropped yesterday. Fed cut 25 points, apparently the traders thought that it wasn’t enough. Traders are a wild bunch, so watching the action was almost as much fun as watching my AAPL position gain $625 profit. I didn’t close my position, yet, though.
The Fed will be talking today, giving their decision on if they will lower the key interest rate at this time. There’s a lot of talk and guessing going into this subject. I know the answer because I have a glass ball (not a cancer-replacement, I mean something for looking into the future). The answer is the Fed will …
I didn’t make any trades today. I wanted to trade, the working world just found a way to interrupt with that. I actually didn’t have my usual stock screening today either, it’s a shame. My “work” computer was used for work today, instead of my personal stock tracking. Shame.