tag:blogger.com,1999:blog-2335748440449035592.post3762382399284487657..comments2008-07-02T09:33:24.833-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2335748440449035592.post-44052922688702192712008-07-02T09:33:00.000-04:002008-07-02T09:33:00.000-04:00hrs, pull up a chart on S&P from 2003 to June 2007.<BR/><BR/>Then compare it to July 2007 forward. The only way to make money in this market is either pick the right 25 stocks out of 7000 or trade. <BR/><BR/>Unfortunately in downdrafts we've now had 5 times since last summer - the market overwhelms the individual stocks. So you have to adapt versus a benign environment.<BR/><BR/>Hopefully in 5 years I'll have a very boring blog - i.e. wow another bright and breezy day with full employment, stock market trending up, no volatility, little inflation - yawn, just printed another 0.3% gain today.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-8050858614132219042008-07-01T20:24:00.000-04:002008-07-01T20:24:00.000-04:00yeah - I got whip-sawed also - hit stops on both puts and calls - hung it up at 2:30 so I missed that last move - probably okay, I would have don't something else stupid - still long [1/4 positions] SDS, DXD, QID, & SKF - Thursday will be interesting - doesn't the market close at 2:00? <BR/><BR/>this damn market has turned us all into daytraders - got to concentrate on expanding my trading horizonhrs0944http://www.blogger.com/profile/09986838112144909482noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-76971098690425429822008-07-01T17:03:00.000-04:002008-07-01T17:03:00.000-04:00Yeah, I got blended today. I was telling a friend of mine this morning, that I had to stop watching the market today; otherwise I'd do something stupid and lose a whack of money. <BR/><BR/>I didn't take my own advice.Risk Manager Jeffhttp://www.blogger.com/profile/14994763012317049832noreply@blogger.com