I’m starting to get email questions, so I thought I’d make a post about tomorrow. What I’m telling people is… Try not to care too much what tomorrow will be like. Whatever you expect to happen, probably won’t, anyway. Just do whatever is called for. Tonight I’m looking for charts of stocks that fell hard but are near support. If the markets start clawing their way up tomorrow, these ought to be good to buy. I’ll also be looking for charts of stocks that weren’t hit as hard as everything else. If the markets are really negative again, I’ll be watching for these to break down. No matter what, if there’s no low-risk setup, there won’t be a trade.
My main problem all February is that I mainly want to sleep at the same time the markets are open. If you followed my new Twitter stream, you know I was watching for NCTY to break down, but then got (literally!) tired of waiting and went to sleep. I could have made some serious money on that break. I hope one of you out there caught it. I’m really liking twitter after one day of use. It lets me put thoughts out there without feeling like I need to make a whole blog post about something.
[...] I’m following Richard’s lead and putting my twitter feed on the left sidebar of this page and plan to update it during the trading day with things that I’m looking at and thinking about. [...]