Sunday, April 29, 2012
Let's Review the Rules
The theme for this endeavor is discipline. This starts with an unwavering focus on the task at hand; a perpetual evaluation of both the financial macroenvironment as well as evolving intraday technicals of the underlying equity I'm trading. Risk- reward will similarly be evaluated. In order to make these assessments less stressful, my technical analysis in screening for stocks absolutely must be flawless. I must strictly adhere to the pattern recognition model I originally developed, with zero tolerance for 'almosts' or 'close enough' charts. As of this writing my returns are 18 days ahead of schedule. That, as of this writing, lends 18 days to screen stocks looking for another opportunity to invest. Such windows allow me to identify more leads and, more importantly, monitor the development of other possibly more favorable opportunities. My philosophy is to acquire options in undervalued equities demonstrating technical signs of an impending short-term correction. Lastly, I will not be disclosing my posotions until after they have been closed out.
Saturday, April 28, 2012
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