Tuesday, September 2, 2008

Caution - Trade what you see

By noon, it is pretty obvious that the Transportation sector still have a lot of short sellers.

Do be careful to TRADE WHAT YOU SEE, basicly most of the stocks that I mentioned worked earlier in the day. I hope you took your profits quick enough to beat those "Bears".

It just shows that the strategy of taking profits fast and not holding your positions is still the best approach for now.

Just remember this formula
"When the buys stop buying" - Sell to close your CALLS
"When the sells stop selling" - Sell to close your PUTS.

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