Monday, July 18, 2011

best trades:

only watched half the market but the market was deep red and TZOO, CHKP, AAPL were up strong... so these were the ones to trade for a squeeze and indeed -- they all jumped into the close,  SINA too.

With TZOO, and CHKP --- vol. was particularly strong -- there was little risk here ... and lots of upside despite entering extended conditions.

 IWM was down big and had a feeble bounce. 

  main ideas:  1. You can't control what you'll make.  You can control how much you'll lose.   

2.  Trend trading must focus on strongest stocks always -- regardless of your feelings on value.

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