Tuesday, January 20, 2009

Hope Not Wish Not

Hope not for easy success in one’s work, because without difficulties and failures, one tends to undervalue others and become overly proud.


Wish not for a life free of mishaps and obstacles, because without them one tends to become arrogant and egotistic.

Today I was hoping for SRS to stay above 60, but at the same time wishing for 55.

Last Friday, I bought SRS at 60, went to 67+, closed at 59+

Today, I sold at 65, saw it drop down to 62+ before going to work and feeling pretty good.

You cannot outsmart the market !!!

If you don't know SRS is my favorite trade, then you really need to read more carefully because I have been talking about the stocks for weeks now.



The daily scan using 4,8,21 did not have very good results today, plus the market is down. However, the system has been great for day trading.



The market is dynamic, not static, and you need to adjust accordingly.

3 ETFs showed up on the daily 4,8,21 scan today: QID, SMN, MZZ.

Posted by fortune8