Evening folks! Market down again last week. As of right now everything we see points towards lower prices as the price action/patterns are all still bearish. We did see a couple things on friday that a little bounce might be brewing with the reversal in $aapl & the strong relative bounce in the rusell2k $rut.x . All in all it could just have been some opex short covering. We wont know till tomorrow but there were at least the first signs in quite a while that people wanted to buy some stocks. As of right now this market is guilty till proven innocent its going to take a lot of time and repair to the indices before we can say that we are out of the woods and we need to trade accordingly absent of some catalyst/news to boost us back up.
Our new additon to the chatroom is pretty sweet. On top of our regular chatroom we have always had you can now pop up a widget that will have me and big willy
on video giving the alerts live and talking through the setups and what we are seeing. If you want to learn having alerts is great but getting explanation
while its happenign is really a great learning tool.
I did ok last week. mostly a lot of scalping. I gave up a lot of gains by not being aggresisve enough with some of my positions but the good thing I did do was make sure I kept almost all of my losses pretty small minus a trade or 2 that got away.
Check out our BULLS SILVER membership. If you have less then 25k and cant daytrade this is the best way to go as you can daytrade with our prop firm with even 3k and it gets you FREE MEMBERSHIP to our chatroom and site! email me firstname.lastname@example.org if you got any questions