Sunday, December 16, 2007

Year-End Contest

I'm sponsoring a year-end contest. Check it out here: Year-End Contest: Guess the Close

Wednesday, December 5, 2007

Bullish ADP Employment Report

Read it here.

ADP Employment Report

Seriously, do yourself a favor and at least scan the first page. The bulls really have something to sink their teeth into.

I am still waiting to see resistance pushed through before considering long positions again.

Saturday, December 1, 2007

My New Blog

In case I did not make it obvious enough previously, let me highlight my new blog, which I hope you'll check out over at i Bank Coin.

While I have not updated Trade While Working recently, I have not forgotten this blog. While it is not likely that I'll continue posting a lot of charts here, as that would be double duty, I will continue to post about my trading psychology, some testing of strategies, and what I am trading.

As what I believe is a sellable bounce has progressed, I have bought 6 Jan. expiry puts on the Qs and 2 on the SPY. I also rode AAPL long for over 10 points, but sold it Friday.

Other than that, over the past 2 weeks I've been an observer for the most part, and that has been very rejuvenating for my trading. I'm feeling my confidence return, and I've been able to work on some new strategies and get re-focused. I've accepted the reality that this year will likely be my first to not have double-digit gains. In fact, it would be nice to just do better than break even. Regardless of what I wanted to achieve this year, if I had not taken a break from trading, I would probably be looking at a negative return year over year. I'm not going to revenge trade through the last month of the year, trying to undo 11 months of mistakes.