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Back long again ~1883 on my systematic trading system. I admit I was terrified of another plunge last night and I exited on that emotion. On the other hand, the fear ( or analysis? ) that led me to exit on Friday saved me more than I lost by last night's hiccup ( I'm calling my mistakes hiccups now? ).
2 lots long on DayTrade2 ( 2 after averaging down )
update: sold one lot for a 1 or 2 tick profit. I meant to exit both but made a mistake and then it was suddenly too late to exti the other so I'm holding one now...
The rhetoric I'm hoping to hear in the next couple of days:
1. revisited August lows. That's no longer an issue
2. end of quarter portfolio window dressing completed
3. notoriously weak Sept. over
4. issues with weak commodity prices subside
5. biotech and healthcare sector oversold
6. a little strength in the market will bring about media attention to bullish economists and fund managers predicting a much higher S&P by the year end
Initiated long on DayTrade2 account. Maintaining long on Swing2 account as well as my real accounts.
btw, I didn't get a chance to post yesterday's DayTrad2 trades. It was a good day. I did a bit of scalping as well. I intended to do the scalping on a separate account but I didn't really plan ahead of time to scalp.