Not really much has changed in my plans. The only thing I'm still unsure about is where on Monday I should target to swing through to long.
We're still hovering around the top of the blue channel I drew on the dailies. Everything is quiet for the lunch hour. Too quiet.
This whole swing trading business has been frustrating. I go both long and short, but keep getting pasted on the short side. Obviously, there's something wrong with my tactical approach. Mostly that I don't cut and run when I ought to. I'm too patient. My small position size in relation to transaction costs may have a lot to do with that. I might need to double my position size. Doing so ought to reduce my motivation for sitting and waiting and bias me towards swinging around faster rather than legging in/out or trying to wait out small cycles. The long cycles are never small, and once we turn around I suppose the short cycles won't be either.
"Yesterday's weirdness is tomorrow's reason why."
— Hunter S. Thompson (The Curse of Lono)
Friday, August 21, 2009
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