I continue to hold stocks that turn red on every rally...
and my attempts to short the market are useless.
Today -- the dollar was crushed and that was all that was needed the day before Thanksgiving to run the markets up.
I bought CBST and AGO -- both fizzled and died and left me with losses.
My problem is that I'm buying support lines instead of breaks on strength. Today's big winner for example , were RINO and BKS and TSTC -- all of these charts the stock is very extended and expensive. Same with AMZN. Buying at support may work but will require greater patience. APWR also had a great day and is far off its trendline. Daytrading requires buying uncomfortably high stocks. Swing trading requires much more patience -- so there's the trade off. I guess I'm not as patient as I think I am.
Fortunately, my IRA had gains in CSGH and XNYH so it wasn't a complete loss. But my trading was.
In my Mom's account, 13 out of 19 positions were down on a strong day. As a swing trader, this should not bother me. But it does. It definitely does.
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