i just returned home from my trip, looked over the charts and i just don’t have a very strong opinion on the markets here. i will revisit the broad index charts later tonight and also scan for any new set-ups so i might post some charts later, if anything looks compelling. i noticed that a few of the Active Trades traded below the suggested stop levels today so i will move those to the Completed Trades category as well.
over time, you will notice that the volume of posts on this site usually mirrors the activity level of my own trading. if i have a good read on the market, i am usually actively trading or fully invested and as such, i will be posting lots of trade ideas, updates and market commentary. other times, like since i posted booking a lot of profits last thursday to lighten up on my holdings, i will disengage from the markets until the near-term direction becomes more clear as i believe that knowing when not to trade is one of the single most important attributes of a successful trader or investor. making money in the stock market has always been easy for me, it’s being able to hold onto those profits that is often the hardest part and one of the keys to doing so is to resist the urge to ABT (Always Be Trading).