The only thing I am willing to do right now is make quick day trades. As I stated last night, I am only watching index and sector ETFs for trades at the moment. I placed two profitable daytrades in QLD and TWM. I will detail the trades and my strategy tonight.
Longer term swing trades (2 days to 2 months) are not in the cards at the moment. I was tempted to make a few buys on the panic that would have been profitable (AAPL, MON and a few others) but decided against it. Also, financials like MER and LEH are tempting as shorts, but it’s tough to short with the size of the bars and the “financial stimulus” plan on the horizon.
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