Chance for free money...they'll go wild now. 
Homebuilders breaking out.
- Thread starter SiSePuede!
- Start date
Wow was I wrong. Luckily I didn't commit much to trying to catch a momentum move.
I was burnt quite a bit by the housing stocks recently and this is not how they've been acting recently...something has changed and the market is on much less 'roids than before it seems to me.
Maybe it will consolidate...but I wouldn't be surprised to see the correction coming soon and the spooz not holding. A lot of traders might get chewed up here...I'm going to go with some long term holdings and VIX Calls.
I was burnt quite a bit by the housing stocks recently and this is not how they've been acting recently...something has changed and the market is on much less 'roids than before it seems to me.
Maybe it will consolidate...but I wouldn't be surprised to see the correction coming soon and the spooz not holding. A lot of traders might get chewed up here...I'm going to go with some long term holdings and VIX Calls.
That trade didn't work at all..>I lost money.
No, I'd rather be honest...I'm not a good trader, I'm not afraid to admit that. I make money investing and this is something I'm trying to get better at...might just not be in my cards to be able to trade short term moves...1-6 month moves seem to work much better for me.
good stuff they couldn't break resistance today 
I don think it actually is (unless we are talking about pure bull market periods where you can buy anything and make money), it'd be like saying world-class professional horseback riding is harder than formula one driving at the same professional competitive level. It's just a different discipline.
Whatever your discipline, I think the difficulty level of being successful always depends on the sophistication of your competition. You will find a high degree of that in both daytrading and deep value investing.