As the markets have done for most of December, they pulled out another slow grind up on low volume…boring! The interesting thing today is that they all ended with a shooting star candle or doji. Both need some sort of confirmation, but it may be hard to tell with all these narrow range days we’re having this holiday season.
My short positions are sickly, but the most damage I got today was from my TBT March 35 calls. They had a small pop at the open and probably should have cashed out then. But no! Greed took over and I held too long. Reviewing my trading for the year, I see a pattern that I will work on in 2011. I’m holding my losers longer than I’m holding the winners. There’s always room for improvement!
Here’s a funny….
I was visiting a friend who could not find her cordless phone. After several minutes of searching, her young daughter said, “You know what they should invent? A phone that stays connected to the wall so it never gets lost.”











Sometimes, entranced by the screens, watching equities, options and futures change colors, charts moving in a wave, and indicators pointing in every direction, I just have to scream....



