Interim Update Dec 4, 2022

[bpcw]

Guy's, this short term trading won't work, your tossing a coin, heads can come up 5 times in a row and you think you're doing well, you'll then be over confident and lose big time, not worth it IMHO.

[jonnyfrank]

Guy's, this short term trading won't work, your tossing a coin, heads can come up 5 times in a row and you think you're doing well, you'll then be over confident and lose big time, not worth it IMHO.

It has its risks. However, if you have a portfolio just for it (along with LT portfolio etc) it can be fun. But yes, don't risk it all.

[LoriPrecisely]

Funny thing about ST trading. I was having very good luck NOT holding overnight positions recently. Then, about two weeks ago I decided to hold overnight positions and the luck disappeared. Overnight markets have become more perilous than ever. I am shorting today but I will sell before day is out. I may, however load up my short term trades with a bullish bias for weekend markets. I worry (paranoia?) that if the PTB want to take us out financially they will do it with a black swan event over a weekend, so lately I am very careful with what I hold over the weekends in my ST trades.

You are in the short-term trading camp with good company. I have been paying attention to several seasoned traders who are actively trading in the markets all day long. I am in an options room where the brokers (about 6) are posting their buys and sells all day, with profits and/or losses. I am also in a live room with 300 people, and one moderator. People post their trades, and their wins and losses. This seems the best way to play the game right now with all the volatility.

I, personally, am trying to work my way out of the hole I dug, slowly, but surely. My portfolio is full of very weak stocks. I will most likely sell at a loss, so I can buy some stocks that are moving into strength.

I tend to agree with Yodean, that we are at a Buy the Dip moment. I subbed to another service, and have been watching 2 brokers show charts every day on their website, and they are seeing strength building in certain sectors, not in tech, which my portfolio is full of, but in healthcare, industrials, bonds, gold, staples, and utilities. She says the ones in the Dow look the best right now.