Wednesday, July 4, 2012

Back for trading

My trading activities were very limited from May due to the market behavior. On June, I only made three trades. All the three trades were losing trades, which I stopped out next day, then were up 10 percent in the next two or three days. I felt the market were in some range and not very tradable for person like me with a full time job.

Now we are in July. Market starts showing the consistent buying in the past few days. The market breadth is dramatically impoving from April. Now it is a good time to trade for breakout setup, look for good intermediate term investment opportunities.

I moved my 401k into funds instead of cash on July 2nd. I will look for trading for setup.

Happy July 4th.

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