I am not going to post picks for friday because I have been really busy the past days and will be tomorrow. I found out the reason why AAUK shot up. It was a gold stock. One of the foolish trade I could have made when gold are going up. Tomorrow the market should be back on the green because there was a rally at the end of the close and I expect it to continue it's run if no more negative news are going to hinder it. I am not trading tomorrow and just observe what is going on with the market. Meaning the rally can be a fluke or more negative news will be flowing out.
Tips: For daytraders never ever feel like you have to trade stocks everyday or it is a must. If you think like you are just risking yourself to lose tons of money. Sometimes we have to sit back and relax and enjoy your day out of the market.
For those who took advantage of the weak market and shorted shares like BIDU, AMZN, GOOG, AAPL that I recommended it would have been a great day for you. I will be posting stocks and more plays during the weekend.
Friday, November 9, 2007
Market Rally?
Posted by
daytrader
at
1:47 AM
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