Trading Journal

Real Time Update:

I shorted TIBX

Entry: 29.90

Stop : 29.96

Buying hasn't been working but going short hasn't been working either so this is a pretty risky trade..

Will shorting start working again? The answer to that question might be if this trade will work or not...
 
Before I talk about the market, I would just like to remind you that a lot of traders are on vacation. This is the reason why most of the stock chops around and don't work..

I've been getting stopped out a lot this week but I expected it since there's not much volume..

I'll make this quick.. The market is just consolidating and most likely, it's gonna do this all week.. September 4 is when it all begins so take it lightly this week and don't be too aggressive..
 
Real Time Update:

I bought WFM Again..

Entry: 97.90

Stop: 97.69

Not big shares cause I'm terrified of this stock now.. Terrified!!!
 
Just a reminder.. The buyers are scared today..

SPY does have the 20 MA at 140.83.. Watch how the market will react at those levels because if the market breaks that, then the bulls are in trouble and shorting will start working..
 
I just got back from my computer to see the market having a nice turn around. However, I don't believe this move up.. I think it's just gonna go back and forth so be careful out there..
 
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