Ho Hum
Another consolidation day today. Nothing much to worry about. My portfolio lost .19%. No big deal. This kind of stuff will probably go on for the next couple of days. I'm just going to ride it out.
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Scott Carl is StockPunk
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Just had to post my two cents about my week on following the ZWEIG screens. It IS supposed to be mechanical and yet I find I'm putting my own "feelings" from doing too much blog reading into my decisions. I stayed in KEX and ARO which I still held from last week. However, I did not buy any of the other RS 26 because the ZACKS rankings were not 1. Therefore, for the moment, I've missed out on what appears to be over 7% for three days. Now, had it been a 7% loss I'd have felt like a genius. I'm not. I want mechanical, positive results. I need to train myself to be MECHANICAL!!! I have a full-time + job so I can't spend a lot of time looking at charts and technicals.
:-)
Matt,
I'm there with you! No matter what "genius ideas of the week" I have, I ALWAYS get beat by the mechanical trade. It really isn't worth the effort to try and outdo what you know works. I've beat 90% of traders out there (in the last 2 years) with a no-thinking system that takes 10 minutes a week (but I still struggle sticking to the system). I guess that's just human nature or something.
sigh, Scott.
Genius I am not. I sold my KEX and ARO yesterday because I was sure they were done running.....today ARO is up another 3%! doh! KEX up another 2.75% ARGGH!. Next week...mechanical only, no more feelings!
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