Thursday, July 29, 2010

BE SURE TO READ THE LAST POST

As for trades tomorrow, 3C is not much help today as I explained in the last post at the end, but there are some bullish looking longs and just in case we do breakout to the upside, a lot of these should move well with the market.

As for past trades that haven't triggered, keep an eye on:DRAM , DDE, CAM, FCX


And the trade I'm definitely putting an order in on tomorrow-it's listed, ESLR


Since 3C is in a market induced "FOG", these trades are based on my Swing Trade Strategy and many are low priced, low volume which makes them speculative which means you must absolutely follow risk management rules-see last week's post or email me if you don't understand. 


If we get any surprises in the market tomorrow, don't be too quick to judge, try to let the roning trading range set in and lets see where the VWAP takes the market. The Algo traders were out briefly today above the VWAP, maybe we'll see the same, either below or above the average.


MOST OF ALL RISK MANAGEMENT, PRESERVE CAPITAL, WE'RE STILL IN A VOLATILE TOP WHICH MEANS BOOK PROFITS WHEN YOU GET THEM AND STICK WITH YOUR STOPS OR LET GO OF SHARES TO GET YOURSELF IN LINE WITH THE RISK MANAGEMENT PRINCIPALS WE OR YOU USE. IT'S VERY IMPORTANT RIGHT NOW AND MORE SO THIS WEEK WITH THE END OF THE MONTH WINDOW DRESSING.

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