Friday, May 29, 2009

Week ending 5-29

Thankfully May is over!

For the past 3 weeks trying to trade this market has been next to impossible for me. The first week of May was nice but after that all I did was churn and go nowhere. I guess the only good news is I didn't lose money over that time.

To me all I see right now is one headfake after another with no follow thru at all. When the moves come they seem to come out of nowhere for no reason I can discern. A stock that shows relative strength one minute becomes dead the next. Very frustrating to put it mildly. In hindsight taking quick gains was the was to trade, but thats not my style at all. All in all though, considering how poorly I traded it could have been a lot worse.

For the week:
Mon holiday
Tue +701
Wen (475)
Thu (475)
Fri (611)
============
total (860)


Month of May: +2933

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