Doublea's Trading Strategies

[doublea]

Quote from doublea:

Wow, what a day. Today was a classic V-bottom reversal, extreme upside movement, 1%- buy and everything else. This market is sold out. Covered all my shorts during the day and I'm long here after hours at 1200.

Intel came up with not so good news and the market still rallied. I think we are headed upwards for now.

The market's inability to follow through has made me exit the long position.

 

[doublea]

Quote from doublea:

The market's inability to follow through has made me exit the long position.

Wow Amazing. Got out at 1993.75 but ended up doing the right thing and shorted at 1994.75 and 1987.25. After such a big up day the market was unable to follow through to the upside so I exited out of my longs and went short.

There are so many things that I've learnt in the past few months. One of the most important lessons is that I could be right on my analysis and still not make (a lot of) money in the market. Timing is everything. After the market closed there were few tech companies that came up with better than expected earnings, if the market cannot go up tomorrow after all these good earnings then we're headed much lower.

Today was a true selling day day. Everything was down more than 1%. I'd love to be short here if I wasn't already short.

Good trading.

PS. I feel good but I still have the stops in place if my analysis is wrong.